At some point you simply walk away.
The country just say NO; the country breaks apart and dissolves itself, the country just rewrites its charters and erases its debts.
Thats what is going to happen, not just here but world wide.
Or do we have the Old Testament / Jewish concept exercised, i.e. the Jubilee and forgiveness of all debts? With "forces" working against Israel, I can't see a concept like this taking hold in certain quarters....
Historically, what follows that immediately, is that the ill-served citizens erase the elected incompetents involved, both current and retired. They have nowhere to hide, the record is there and complete.
I trust that there are enough lamp posts.