Deal or no deal, the US government will keep up the borrowing to maintain the empire.
The US military/defense industry and the US dollar hegemony are the two faces of the same beast.
The US dollar hegemony helps financing the military/defense expenditures, while the US military defends the US dollar status. Remove one and the other dies, very quickly.
The big expenditure of the USA and therefore the deficit is structural. Borrow to spend to defend the status quo until the US dollar is killed by debt. Then this evil empire crumbles under its own weight.
This is the only way the USA can travel. The USA put itself onto this road a few decades ago, and passed the point of no return a few years ago, maybe in 2008/9. It is all too late now.
