That debt is entirely fake. The banksters can print as much of it as they want and call it debt, but they have no way to collect. We should just end their Federal Reserve nightmare and go with crypto-currencies, see my blog on it:
https://steemit.com/money/@titusfrost/how-to-end-the-federal-reserve-using-article-5-of-the-u-s-constitution-and-crypto-currencies