[blackdog]

He should hold hearings. They are called "bankruptcy" hearings. Those happen when one spends money they don't have, and debt service / borrowing costs are too high.

Yep. Three out of three.

[semimojo]

Those happen when one spends money they don't have....

Pretty much every home-owning American family has done that. They have mortgages.

...and debt service / borrowing costs are too high

They are never too high when you can print money.

Excessive government spending and debt cause problems but the bankruptcy analogy doesn't work for the US government.