If only we were bankrupt! That would imply that there was some acknowledgement that we couldn’t pay our current debts, much less incur new ones until we made some serious adjustments. We’re still living in fantasyland right now, playing monopoly while the house is on fire.
“If only we were bankrupt!”
Then we would acknowledge that we couldn’t pay our debts and would repudiate it and have a balanced budget by close of business. Because we would have no choice.