If our nation goes over a financial Niagara we won't have much strength and eventually we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years we will be spending more on interest payments than on national security. That is not as our military friends say a 'robust strategy.'
There is a basic lesson on financial crises that governments tend to wait too long underestimate the risks want to do too little. And it ultimately gets away from them and they end up spending more money causing much more damage to the economy.