>>20307325debt is money borrowed from someone else though. Every dollar they borrow is given to them by someone who buys a treasury note. Its absolutely inflationary, but not the same degree as the fed printing a dollar out of thin air via buying say a MBS with their infinite bank account. If a T note pays 5% interest, 1 dollar in T note debt is 5% inflationary vs the fed's 100%.
Now that the debt is no longer "interest free" i expect congress will be forced to act sooner rather than later. Amazingly the price is still not what it has previously been.
