Going with this analogy, what if the government partnered up with banks and offered huge loans to everyone, with minimal interest and the ability to postpone re

Going with this analogy, what if the government partnered up with banks and offered huge loans to everyone, with minimal interest and the ability to postpone repayment for months/years. Since money is a human invention, if everyone pretends that these are not handouts but just a lot of debt, the economy can keep going and those loans will be repaid slowly or it will be a figure somewhere of how much debt the public is in.