It's pretty much all they can do.  Lower the interest rates, raise the debt ceiling and kick the can a little further down the road to delay the inevitable.  Default.  If interest rates had stayed at "normal" levels, around 3% - 5%, it would have been all over by now.  But instead they pretend it's not an issue and move the goalposts yet again.  The spiralling debt vortex is out of control and there's no way to fix it.  Enjoy life on life support. 

Prognosis:  Terminal