At a population of ~333M, it takes 3 dollars from every man, woman, child and alphabet person to collect $1B. It takes $3,000 from each to collect $1T. x35, it takes $105,000 each to collect $35T. Or for each family of four, $420,000. In short, it will never be paid off and there is no intent to pay it off. The debt may increase exponentially until it spirals out of control and essentially becomes worthless.
Inflation acts like a tax on all currency, whether in a savings or checking account, or under your mattress. If a dollar used buy two cans of beans, and now buys one can of beans, the can of beans did not change, the dollar devalued to be worth one can of beans.
https://fiscaldata.treasury.gov/datasets/historical-debt-outstanding/historical-debt-outstanding
9/30/1982 ... $1,142,034,000,000.00
9/28/1990 ... $3,233,313,451,777.25
9/30/1998 ... $5,526,193,008,897.62
9/30/2006 ... $8,506,973,899,215.23
9/30/2014 ... $17,824,071,380,733.82
9/30/2022 ... $30,928,911,613,306.73
9/30/2023 ... $33,167,334,044,723.16
U.S. presidents net worth before and after office Dec 12, 2023:
Ronald Reagan: $10.6M ➡️ $15.4M
George H.W. Bush: $4M ➡️ $23M
Bill Clinton: $1.3M ➡️ $241.5M
George W. Bush: $20M ➡️ $40M
Barack Obama: $1.3M ➡️ $70M
Donald Trump: $3.7B ➡️ $2.5B