Last time I checked, if you&#x27;re $1 million in debt... its your problem. If you&#x27;re $18 Trillion in debt, its the bank&#x27;s problem. Just saying.<p>True, $5 Trillion of the debt is held by the US Government in some form (around $2 Trillion is held by the Fed, another $3 is held by Social Security). So it&#x27;d be bad for them if the US Government defaulted. And that&#x27;s why we need to pay back the debt, so that Social Security and the Fed can continue to function.<p>Social Security has lent trillions of dollars to the US Government. They deserve to get their money back.