We pay our debts. It is mandated in the constitution. Congress authorized and spent the money. We have to pay it back. Thats my and our debtors belief.
14th Amendment Section 4:
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.
Is it unconstitutional to default on our debts?