I’m sorry but you don’t understand macroeconomics. The state creates its own money, in the case of the US, though the Federal Reserve. They can literally create as much money as they want. The US federal bank could tomorrow do 10 keystrokes on a keyboard and pay all bonds that other entities hold, therefore resetting its debt to 0. You can’t compare a private home with the state in terms of spending, because you don’t get indebted in a currency you create yourself, whereas the state does. The US debt is nominated in USD, so it can always repay it, and it could do so prematurely at the stroke of a keyboard. The reasons why they don’t do that are varied, but none of them is “not having enough dollars”.
There are plenty of countries with debts above 100% of GDP while offering universal healthcare and free or almost free education up until university (included), see most of western Europe. Debt isn’t an issue preventing the state from paying for services. Debt is a non-issue made up to be a problem to prevent people from thinking that the state can spend more money in improving the quality of life of its citizens.
I’m sorry but you don’t understand macroeconomics. The state creates its own money, in the case of the US, though the Federal Reserve. They can literally create as much money as they want. The US federal bank could tomorrow do 10 keystrokes on a keyboard and pay all bonds that other entities hold, therefore resetting its debt to 0. You can’t compare a private home with the state in terms of spending, because you don’t get indebted in a currency you create yourself, whereas the state does. The US debt is nominated in USD, so it can always repay it, and it could do so prematurely at the stroke of a keyboard. The reasons why they don’t do that are varied, but none of them is “not having enough dollars”.
There are plenty of countries with debts above 100% of GDP while offering universal healthcare and free or almost free education up until university (included), see most of western Europe. Debt isn’t an issue preventing the state from paying for services. Debt is a non-issue made up to be a problem to prevent people from thinking that the state can spend more money in improving the quality of life of its citizens.