If the situation is so bad and our interest payments alone make it impossible to pay our debts, then just man up & declare bankruptcy–see what effect it has. The whole world would continue as normal, only the billionaires & their companies who unfortunately wont get paid back would be upset; hell, then every USD toting country will decide to reset on their debts, anyways we literally are the dollar. Such a move like I said, really would only devestate the billionaires and people like Elon are determined to ensure that money is back into the trillion dollar companies bank accounts… oh nooo, this peroid wasn’t golden enough for them, cry cry;
so these handfuls of people want to take away all our benefits so we can continue to try to pay them back forever and ever; just start over and make everything cash only. the credit system has always been an intentionally rigged welfare system anyways.