Our national debt, the legal limit on which was raised with much feigned gnashing of teeth a mere 6 months ago now exceeds the GDP and will reach the "current" limit later this year. Of course, the collectivist economic philosophy of John Maynard Keynes which has driven the nation's fiscal and monetary policies for the last 75+ years avers that the economic laws which govern individuals, families and corporations do not apply to the federal leviathan. This attitude doubtless drives the actions in which the government engages and for which it would incarcerate or murder ordinary citizens i.e. printing money out of thin air and expecting no negative consequences.
This Keynsian hypothesis is of course based on a similar concept to the warmista religion and the collectivists including most of the current crop of aspirants to the presidency subscribe. Great is the legislative power of governments but the repeal of natural law is not within their purview. Attempts to engage in such fatuous projects inevitably result in human suffering.