The other thing is that solving the Debt problem would require both long term thinking, sacrifice (on everyone’s part) and true bipartisanship. In the current environment, there is no desire for ANY of that. So just expect more bandaids whenever the wound beings to bleed.
That gravy train was alive and well for so long because there was no alternative.
American economy was apolitical and there was no alternative to US dollar.
Today you have an EU and China both independently near peers to US economically and US has become extremely political abusing different forms of sanctions.
That makes US not that much a safe heaven economically it was for a century.
It is one thing to hit Libya or Iran or even Russia with sanctions but then the same policies applied to China and Germany.
Everyone pays attention.