America is, like Canada, Australia, Japan, England, China and other nations, it is the issuer of its own currency. By definition it can never, involuntarily, become insolvent. All America needs to spend is an appropriation from its Congress. It does not need tax or borrowing revenue. Why would it when all the Federal Reserve does today is mark up checking accounts with its computer keyboards. There are no feckless minions shifting wheelbarrows of paper from place to place; 90% of all money is electronically transferred.