I strongly disagree,The sitting government and the president has everything to do with debt. Thats what congress and the senate are supposed to be for,balancing the budget through taxation and spending, I do agree that they seem to be ignoring debt along with every other country in the world, but that does not mean they aren't responsible for it.
I’m not sure you followed what I wrote in the post you quoted.
The debt is climbing out of control because the entire budget for the year has to be borrowed.
When money is borrowed whether it’s for your car loan, mortgage, paycheck loan or USA govt budget the first part of the payments are applied primarily to the interest owed.
Before the federal reserve was created, congress would allocate the funds backed by gold.
Federal reserve now creates funds in a computer backed by nothing and gets paid interest.
This set up makes it virtually impossible to pay the debt down - it’s effectively like paying rent with a credit card every month.
