Like the poster above you said, this woild,cause a massive run on banks, with people canceling gmtheir credit cards and such as well, and closing their accounts, it woild cause a crisis...
Greece tried this with their citizens, and the citzens revolted and did massive countrywide shutdowns of major throughways, and forced their government to stop the practice/theft years ago. Same thing would happen here as well. People all over the country would refuse to even goto work since the government is stealing their money anyways, and the nation would be crippled
The question is, would the WH cripple the nation as they are about to go to war against Russia? Which would be the worst disaster.