Imagine the government prints the money and closes the debt that way. Nobody in the present has lost anything they can point to. They lost a promise which isn't

Imagine the government prints the money and closes the debt that way. Nobody in the present has lost anything they can point to. They lost a promise which isn't worth much. The person who lent the capital could have bought something nice ... however many years ago. Today, they just have to recognise that they made a mistake many years ago. They gave a gift and mis-recorded it as an asset in their accounts. At this point, there isn't really a plausible path where the US debt gets paid down. The plausible path where they pay interest on the debt is also vanishing, 5% interest rates are overwhelming the ability of the US to pay. They are well on the path where even rolling over the principle will be infeasible. Anyone who believes it is a safe bet that they get paid back in real terms is rather optimistic, they're gambling. And in that environment, why should the inheritors of the debt play along in this silly game? They'll print and be done with it. Personal debt is also a non-issue, where I imagine it gets extinguished on death. There isn't really a path here where future generations get saddled with debt. The problem is they'll have a future where their parents didn't build enough infrastructure. I suppose the video might be about the UK, but the situation there would be largely similar to in the US, on a smaller scale. The problem is the lack of investment in the past, not the debt in the present.