Hmm, but not at the rate at which it will now happen. And there is something unsavory to be said for a spendthrift who, knowing there are bills that need attending to, goes on the mother of all spending sprees. That makes it well nigh impossible to do anything other than simply default on the debt and refuse to pay the bills, which will turn us into just another washed up has-been, just like the UK was after WWII (in large part because we pushed them over the precipice).
