I can tell you what happens when we hit the legal Debt Limit! It is called INSTANT BALANCED BUDGET. No default, just an instant, relatively painless, balanced budget! It will be a BLESSING.
The time has come to cut up the credit card.
The answer is demanding TAX CUTS. As Milton Friedman points out, the politicians will ALWAYS spend more than they get and should be kicked out of office for doing so. Getting and keeping taxes low will lower the level of their mischief and will allow our country to thrive economy.