There’s a big problem with that. The “deficit” is just the liquid financial savings of the private sector. The correct approach is to require all those people

There’s a big problem with that. The “deficit” is just the liquid financial savings of the private sector. The correct approach is to require all those people worried about the “Debt” to hand over any liquid savings they have in bank accounts or retirement funds. Since that is what is causing it by accounting identity. After all if they consider it to be such a problem they should put their money where their mouth is. Read The Deficit Myth by Stephanie Kelton to understand how the system actually works. Amusingly a larger deficit means government has more space to spend, not less. People saving means they are not spending which means resources are left underemployed. Debt to GDP is not a relevant concern in a free floating currency has Japan has demonstrated for decades.