The debt will be cancelled - all of it.
What it will take for that to happen is unknown and unknowable at this time. But a simple knowledge of history tells the story, over and over.
“Owe the bank ten thousand and can’t pay? You have a problem. Owe the bank ten million and can’t pay? The bank has a problem”
Declare bankruptcy with the Federal Reserve, a private non governmental entity.
US then has a currency crisis, develops into a Venezuela scenario, government shuts down for lack of financing….the good news? It can rebuild on sound money principles- if our enemies don’t finish us off.