Ah, but what if there are no more freebies because the gov’t goes bankrupt?
The government has been bankrupt for a long time lol!
But to the heart of your question.. what happens when we can no longer borrow?
Well.. we become Greece. And the rest of the world will suffer as the debts we crash other economies defaulting on the debt.
The government will never go bankrupt as long as they have electricity to run the printing presses.