What the real problem is both sides are writing debt, the left writes debt for every entitlement they can, and the right writes debt for tax cuts. Bush Cuts taxes and goes to war, Obama expands every save-a-ho program he can, Trump writes debt for tax cuts and now Corona, so now the country gets to choose do we elect someone who writes debt for what we want, because for sure they will be writing debt. Those private banks are all fortune 500 companies, so we all own them. If I had it my way, we would take back the tax cuts to the rich and put that money against the debt, and shrink every other gov't program except ssi, make work requirements standard. This way everyone sacrifices, but it's not really sacrifice it is taking more responsibility for yourselves. The problem is, nobody with this agenda will ever get elected, and why we go from left to right and back and forth. All voters want something, and very few "want" less debt at the cost of their bucket list. No president with the slogan hey let's be grown ups and pay of the debt will ever get elected. We should concern ourselves with gdp growth instead. Within the "world system" we are doing the best we can. No doubt someday the thing will fall apart, till then enjoy the ride try and prepare for the fall.