The only thing is the debt doesnt matter and will never be repaid.
Discussion
That is debated, the debt is to the bond holders, who buy bonds expecting interest payments and eventual return of the capital.
The bond holders are generally other governments and institutions rather than individuals, so you could argue that they can afford to loose the principle if the Interest is paid over time.
Probably some can, but some can't.
In the fiat system, debt is money and those buying the gov bonds also get money created from nothing to buy them LOL
