Imagine being at home and you have 3 credit cards. You max out your 1st cc paying bills for the month. You then max out your 2nd cc making the minimal payment on the 1st cc and continue to pay bills. Sometime thereafter, you max your 3rd cc making the minimum payments on the 1st & 2nd cc and paying bills. You don’t have a 4th cc, and because you’ve maxed out 3 other credit cards, you can’t secure a loan from anyone. In sum, you’re bankrupt. The only difference with the U.S. government, is that it gets to PRINT a new credit card each month. But to do that, it must find buyers of U.S. debt, willing to purchase U.S. Treasuries. What happens when the Warren Buffets of the world, along with foreign governments, companies and institutions, deem American debt too risky of a default?