Maybe.
If we do, will that suck?
Assuredley.
Am I panicking over it?
Oddly, I'm not.
There's a kind of cosmic justice to all of this, that our government is so fundamentally divided that it cannot agree on how to undo the mammoth debt we've accrued. America has been a house divided against itself for some time; with progressives hungrily constructing their Leviathan and conservatives desperately trying to find a magic bullet that will kill the beast. Eventually, so powerful a discord creates positions across which no bridge can span. Somebody's going to win; we're all going to lose.
It's a thing called hubris.
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