The status quo would be, for example:

* continuing to honor the social safety net constructed incrementally since 1929

* honoring contracts with overseas organizations

* honoring the 200+ year old understanding that Congress controls spending, creates government departments, and establishes rules for the hiring and firing of government employees

* retaining an understanding of the complex and deeply woven role of the federal government, along with the argument known as "Chestertons fence" (don't tear down a fence till you understand why it was built)

* continuing to structure taxation based on (a) the marginal value of income (b) the concept that the impact of taxation should be roughly equal no matter what your income level is

* resist the expansion of worldwide ideologies that lead to a decrease in personal liberty and/or is accompanied by the use of military force to acquire another nation's territory (we've never been close to perfect on this, but it's nice to have an ideal in mind rather than just dropping any attempt at a morally just world).

Debt is only a problem if you subscribe to heterodox ideas about how national economies with sovereign currencies operate (or worse, imagine that national economies function like household or business economies).