Government spending does not "crowd out" private sector investment. - Even if the government borrowed, which it doesn't (it ISSUES dollars) that money is immediately spent right back into the economy so the level of funds that
Phoenix Jones - - It is impossible for this Sovereign Nation with a Sovereign Currency to default on its debts without a willful act of Congress to do so. The Republicans have tried twice to blackmail the Nation by doing so and found twice that it is an act of arrogance and ignorance. If they ever succeed it will destroy their Party because it will destroy the Nation.
Can the United States run out of dollars? Of course not. Therefore, it can't ever become insolvent. As long as America's debts are denominated in dollars it can always pay. Nor does the creation of money necessarily lead to a weaker currency or inflation.