It only ends with effective bankruptcy of the state and Fed.gov.
I expect everything would get "reset", be it great or not, so that the rich & connected would suffer little while most working people get shafted by losing cash & savings, property, dealing with confiscations & perhaps forced relocations, some meager allocation of CBDC...and all manner of additional mandates.
Then fed.gov would start the runaway spending all over again. For the good of all, of course.