The debt ceiling is a leftover from the gold standard and is totally irrelevant to our modern monetary system. Sans a gold reserve to defend, and with Congress in total control of the US dollar the tired old remnant is totally a large bunch of BS to incite voters and present the illusion of money as a debt they will have to repay.

The debt itself is only a fairly accurate record of dollars created in the private sector over the course of our nations history that haven't yet been destroyed by taxation. Anyone who is remotely familiar with dual entry spreadsheet accounting should know instinctively that a debt in one sector must be balanced with an asset in another. it is the assets purchased with US dollars that your kids will inherit, not a debt they will owe.

The federal government's red ink is our black ink. It is our accumulation of value from our commerce with our government represented by Treasury bonds that pay an interest dividend. It is our national savings from our past productivity, not an encumbrance on the private sector.