The government “debt” is not a problem whatsoever. It cannot be a problem. The so called debt is simply the difference between the amount of money created and the amount taxed. If there was no “debt” there couldn’t be any saving in an economy. If the government wanted to, it could simply “print” the money to pay off all its debt tomorrow. It souldn’t necessarily be a smart thing to do, but there wouldn’t be any financial constraints stopping them from doing it.