If legally it were stealing we would still have debtor’s prison and failure to pay a debt would be a felony. It may be a moral failing. I have suffered a few over the years.
What an absurdly extreme analogy. The freedom of man is not equivalent to a broken contract, that’s why we don’t have debtors prison. Further, debtors prison is crony capitalism where we collectivize a private debt and subsidize its collection amongst the greater populace.
Bizarre circular reasoning you have there. It stopped being stealing because people changed the law. They could change the law to make The Brinks Robbery legal, too, but it would still be armed theft.