I recognize that, and yes, this is a very important note to consider.<p>The true reason we want to pay off our debt, is because we citizens of the US Government rely upon the debt to be repaid. (Pension funds, Social Security, Investors, and the Federal Reserve are the top lenders to the US Government. NOT China as some people have noted).<p>Indeed, if China became the chief banker, we&#x27;d just default and stick our middle finger across the Pacific Ocean. Station a few Aircraft carriers in the Pacific and tell them &quot;Come get your money back, if you dare&quot;.<p>But since the debt plays a critical role in our economy (an investor wishes for 7% returns may yearn for 5%+ interest rates of the past), its important to consider the debt from both sides. Yes, the US Government arguably wishes to be debt free. But similarly, the US Public wishes for a safe location to store cash for years-and-years.<p>Long story short: the debt is only a problem if we the public decides its a problem. If that happens, we&#x27;d expect interest rates to go up. However, interest rates have only dropped, so that suggests that the market wishes for more debt to be created.