These are related issues. The debt glut exists because interest rates are low, interest rates are low for the specific goal of making savers feel like owning U

These are related issues. The debt glut exists because interest rates are low, interest rates are low for the specific goal of making savers feel like owning US debt or parking money in bank accounts is a waste of time. The goal is for those savers to give random entrepreneurs their money to do fuck all with to "stimulate the economy", and the market is saying "hell no, instead of me earning minuscule interest, I'll literally pay you so I don't have to do that", so governments and corporations issue even more debt at lower and even negative yields.