i've seen it break pistons, so i'd say the chances are good that there could be damage of some kind.
When the belt tensioner fails, you have to stop almost immediately or the engine will overheat and suffer serious damage or destruction. I am assuming that the bolt itself is not stripped; the receiving mounting hole in the engine is stripped. And I am pretty sure that the mounting area is aluminum. Therefore, it should be fairly easy to tap the hole for an over-sized bolt. Select a tap that is just larger than the stripped bolt. I would not recommend the JB weld since if it fails, you are stuck without warning. Best of luck!
On the Stratus V6 which is an interference engine it will damage the engine if it breaks. On the 4 cylinder which is not an interference engine, no engine damage will be done. However it would stop the engine from running. And, if this happened at a bad time, and you got in a wreck, it could not only damage the engine, it could damage the whole car and you. The belt can break with no warning. Replace it according to the recommendation of Dodge.
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