The future is that we default on some of our Treasury debt, and ask foreign buyers who don’t like it if they would instead like to meet the US Marine Corps, up close and personal. This will make the USA an economic pariah for decades, and our standard of living will continue to grind steadily downward as the world will slowly stop doing business with us. We’ll be Argentina in twenty years or less - a largish upper class living very well behind steel gates, a huge underclass living off what remains of the failed welfare state, and the big banks and other financial entities remaining thoroughly indemnified against the consequences of their business decisions.