A "debt" is something that, under the laws of mathematics, is capable of being paid back sometime before infinity. I'd *really* hate to be holding lots of dollars when people finally recognize that. On the other hand, imagine holding lots of gold when that happened...
"Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law - Total national debt now sits at $32.47 trillion and counting"
https://www.foxnews.com/politics/national-debt-explodes-higher-biden-signs-debt-ceiling-deal