No longer having the worlds reserve currency is a big deal but not that big a deal. No longer having the worlds reserve currency with a debt to GDP ratio greater than 100% is a very big deal, we’re-going-to-have-to-let-grandma-die level of big deal. I give that three to six years.
Even the freshmen think balancing the budget in 7 years is good enough. They are wrong. There will be some sort of crisis in the next seven years and that will sink us unless we have the discipline to live within our means now. Note that the time from the 1994 to 2001 was seven years.
You have an effective turn of phrase, LOL.