The great fear a generation ago was that the USSR was acting as a perfect debtor to build up such massive loans that their planned default would topple the western money system - "sorry Mr Capitalist banker, we cannot afford to pay your interest, or the principal for that matter... oh yes, and we've decided to re-organize our currency as well: 10,000 Roubles is now worth one red Rouble." Of course it never happened. While I'm not advocating that the US follow the same path as the USSR as it broke up, what will its creditors do if the US builds up mega-loans then defaults and inflates the dollar to a new O'Dollar? At least then you'd have the satisfaction of knowing that people who "hate" you have a reason. ;-)
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
