The spending has to stop, I agree.
But the $$$ has to come from some where and printing more isn't going to solve anything. It has to be backed with something like Gold, you know the stuff that the fed reserve has. And not paying your debt is bad business, next time you get in a bad situation who's going to borrow you money if you don't pay your debts in the first place. And yes we're paying interest, figure out how much is owed and how much is interest being paid. At the current rate it is unsustainable.