answer:The U.S doesn’t need to reorganize it’s debts. Besides, since it can create money, it can pay its debts. And it can raise revenue if it had the political will to do so. If the U.S decided to declare bankruptcy, the world economy would completely collapse, since fiat money would no longer be accepted anywhere. We’d be reduced to a barter system. Don’t say we’d go to a gold or silver system; that requires a functioning government. There is not enough gold in the world to run our economy. Without fiat money, people would try to barter with gold, but the value would not be consistent.