Americans would not be met...one very visible example is the "Fair Labor Standards Act (1938)" passed during FDRs tenure...that made sure that the workers employed by those "Risk Takers" you speak of, had limits on what they could 'demand' of them...e.g. a 40 hr work week that allowed them time with their families...time for personal enjoyment/fulfillment...and even coaching their kids sports teams....again, this concept was vigorously opposed by industry and conservatives.
If you want to knock yourself out on the debt issue...read the linked article...then start a different post of your own.
Link: https://www.self.inc/info/us-debt-by-president/