Thanks. Having run up the debt, the govt can’t repay it. “Magic coins” (inherently worth a few cents but “printed” in trillion dollar denominations) would effectively repudiate the debt. This has always been a surefire trigger to wars, assassinations, coups, insurrections and/or riots, however. (There is really no such thing as a free lunch, alas)
Which is inevitable. And all the bad things that follow that you mentioned, too.
Just not yet, not this year.