Debt Dismissal

While the US national debt just surpassed $30 trillion, the public debt, on which we pay interest, is $24 trillion. The other $6 trillion is Social Security and other such intragovernmental debt owed ourselves that Congress can alter. Moreover, it’s public debt-to-GDP that really matters, and it is, thanks to a big dose of inflation, back down to 115% of GDP, near pre-covid levels. Amazingly, no meaningful increase!