U.S. national debt surpasses $34 trillion

Why wasn't the Debt an issue when Trump was giving Free Money to rich people?
- The simple fact of the matter is the debt ceiling is arbitrary, and a political tool to be brought out when convenient so Republicans can say, "We're spending too much!" Yet as soon as they get into office, they cut taxes and increase spending. The thing is we have more than enough sovereign wealth to pay our debts, and will continue to do so as long as our GDP continues to grow. The debt ceiling is a straw man and the ceiling is made of glass.
  
  We don't have enough wealth to pay our debts, and haven't in so long that I suspect all of our debtors have long since given up on being paid back.

The real issue is not so much the debt but rather revenue raising, the increasing debt is merely a symptom of the US's inability to attract enough revenue (via taxes) to cover it's spending. Decades of propaganda by the right (you could easily substitute Oligarchy here) and the slashing of taxes on wealthy individuals and corporations has created an unsustainable debt situation. This is despite the sovereign debt issue.
- It's not just lack of revenue. Spending has to stop too. The US is spending about 38% more than it takes in, and it's growing.
  
  Meh.. or what exactly? What happens and when?
  I see this number trotted out every election year, and everyone gets their panties in a bunch, but I can't see what happens if we don't fix it.

All money is currently debt. Every dollar in existence is owed to someone at interest.
This is functionally the same as saying we have a lot of money.

Who cares? Businesses get bailouts and foreign creditors get the threat of freedom.

Do you think they get calls from collection agencies during dinner?
- You get the spam Chinese phone calls to?

I wish I could go $34 trillion dollars in debt. Hell, I'd even settle for $1 trillion. That's enough that it's the bank's problem, not mine.