Yep. And now the IMF has a problem because its bylaws prohibit lending to nations with "unsustainable" debts, which it defines as 120% of GDP.
Then we must define "debt"; the US violates this in spades if you use the discounted cash flow requirement for entitlements as part of "debt."
Isn't it convenient that despite the claims of many, and beliefs of virtually everyone, the law does not define those forward promises in Medicare and Social Security as debts, and that is a settled matter within the courts as well?
Use your thinking caps folks; while at the present time the market is having a few shots of eggnog and (Wild) Turkey, the hangover is just around the corner.