Brown Chocolate,
We’ve made it PDF (Pretty Dam Far).  Our upward mobility and momentum at least, is unparalleled.  I see us as finding comfort rubbing our backs on the peaks of these mountains.  Keep that powder dry.  We’re nowhere near the bottom.
Click on and read the image below about scenarios for debt ceiling increases.  Brinkmanship, Short Default and Protracted Default…

Brinkmanship (or brinksmanship) is the practice of trying to achieve an advantageous outcome by pushing dangerous events to the brink of active conflict.

A Short Default is to fail to fulfill a contract, agreement, or duty: such as. : to fail to meet a financial obligation. default on a loan.

Protracted Default – The failure by a buyer to pay the contractual debt within a pre-defined period calculated from the due date or extended due date of the debt.