Forget parties for a minute or two and reread this. The "debt" of a currency issuing government isn't a normal debt as we think of it in our own perspective. The debt owed is a guarantee of our ability to pay that much in taxation or "the money supply".

It is represented by Treasury bonds to encourage thrift and set interest rates for private sector banks, but it is no more difficult to create new money for it than for anything else. Every dollar of government's deficit is someone's monetary asset in the private sector.

I'm all for taxing the wealthy more, but only because they have too much money, not to "pay for" spending by Congress. We need a massive econ epiphany before we can ever make sense of our monetary system. It's a wonder it doesn't crash more often than it does with most voters clueless about how it works.