“We are not broke as a nation.”
That depends on your definition of “broke”, and the statement wrongly conflates “the nation” when what they mean is the government.
“We are not bankrupt.” Yet.
“We can’t go bankrupt. We absolutely cannot go bankrupt because we have the power to create as much money as we need to spend to serve the American people,”
Having such a power does not automatically presume that power will, or even ought to be used, to prevent bankruptcy.
Just as in a family situation, it is possible for bankruptcy, of a government, to help to get basic government and spending properly aligned.
Yes. It is “possible” for the U.S. government to default (not pay when due) on its debts.
However, the Constitution suggests that such a case would have to follow the government first cutting back on any and possibly every other form of spending, as the U.S. debts are the only spending the Constitution mandates as required to pay.
So, yes, the federal government “could” declare itself unable to pay its debts (it is possible, likely or not), but before it did it would first have to cut the federal spending from anywhere else, and possibly everywhere else, until AFTER that it could not pay off debt coming due.
It may be a crisis to avoid, and yet it could be a crisis from which we come out with a much smaller federal government. I think the economy would actually like that.
If the US government cannot pay its obligations and the US currency is no longer the reserve currency of the world, the US Constitution provisions on this subject will be totally ignored—by all three branches of government.
You can take _that_ to the bank.