[pilom]

I'm going to take your comment at face value and assume a good faith question. There are a couple arguments for higher federal debt levels. Federal Debt doesn't really matter the way a household's debt matters. The debt to GDP ratio isn't the same as a family's debt ratio because the government can always just print more money to pay down the debt. Will this increase inflation? Very probably but not necessarily. Is higher inflation an absolute bad thing? Also likely but not proven. Modern Monetary Policy would state that you can just increase taxes (in particular on the wealthy) to avoid inflation if you need to.

[cdogl]

This explanation doesn’t pass the pub test without substantial qualification: we all know that governments can’t just print endless money and declare everyone wealthy. The missed detail is the impact on foreign currency exchange rates - and no country can survive without the global market.