“...what would happen if the U.S. just wrote off their debt and stated that we didn’t owe anybody anything?”
I have been thinking along this line for sometime. The Banksters, i.e. Federal Reserve created this debt, let them, the Banksters eat it. Dissolve the Fed in the process, and control of the money reverts to the Treasury, where it belongs constitutionally.
The ‘Federal Reserve’ is a private banking cartel. When an elected pr4esident tries to switch the nation over to treasury issued money not compiled through debt to the private banking cartel, that president is assassinated.