A portent of what’s to come when Medicare, Medicaid, and Social Security run out of money. The politicians keep promising a fix, but they all keep raising the debt ceilings. That will stop one day.
Constitutional amendment: if a state goes bankrupt, it should lose all congressional representation until it can demonstrate 10 years of solvency.
It won’t stop because of the debt ceiling, the pols will play that forever.
It stops when the rest of the world figures out the game and stops buying our debt.
The federal government, unlike the states can create money by fiat. They won’t “run out”, they will just inflate it. QEXXIII
Unless of course Trump really can grow the economy by 6%.