Debt has become a scare word meant to paralyze thinking and to create a search for how to reduce it and by how much rather than to examine its assumptions. Here are some facts.
1. All money is debt, there is no other kind.
2. When a bank makes a loan to a business, it creates money.
If a bank can create money for business, why can't the Federal Reserve (the nation's own bank) create money for the Treasury to keep our schools going and the police and fire fighters employed?