The first thing that would disappear from our political language should voters ever gain econ literacy would be the debt ceiling. The differences between the budget/spending process of the monopoly issuer of the currency and a household make them unrelatable.

Every dollar the US Congress spends above taxation becomes someone's monetary asset in the private sector. Those assets are necessary to net retire private bank debt or to enable net savings denominated in US dollars. Every effort to "balance" the federal budget that was acted upon in our history has resulted in deep recessions or depressions and were only remedied by massive injections of federal money creation in hindsight, usually via automatic stabilizers.

Nonetheless, none of us is as stupid as all of us, and balancing the budget remains the "holy grail of politicians", even those on the left, because it resonates with the limited common grasp of economics the average voter posesses in their role of "currency users". In the presence of a well funded propaganda campaign and easily corrupted representation the Achilles heel of democracy is - - - democracy.