@Leah He's just getting started. By the time this is over, the national #debt will have ballooned enormously, and an #economic #recession (or #depression) will take hold. Internationally, the #dollar will be weak, and—perhaps worst of all—economic powers will be strongly considering replacing the dollar as the world's reserve currency (if they haven't done so by then already).
Most Americans don't appreciate the value of having control over what amounts to the common currency of world markets. When a country like, say, Brazil has to pay its international creditors, they can't just write a check. First they have to obtain enough US dollars to cover their payment. That boosts the value of the dollar, thus making our own debt less expensive for us to pay.
Additionally, unlike Brazil, in a pinch, if we are really struggling with debt, we can (ta da) simply issue more money! That has a strong downside, of course, but we're alone in having the power to do so.