wanna cancel the debt?? Cancel the fed....the Debt is bullshyt.
The Fed's balance sheet before the 2008 crisis was $800 billion. Fed Interest Rate was over 5% in August 2007.
Now? Interest rates have been near 0 since 2008. The Fed's balance sheet has gone up past $4 trillion.
In the next crisis, the Fed won't be able to bail out the system again and Central Banks around the world are similarly stretched thin.
There are academics who say... well just print another $4 trillion to $8 trillion and raise the balance sheet again. But after a certain point, confidence in the dollar will go away. No doubt the Fed would lose its independence.
The only international institution that can bail out the Central Banks in the next crisis is the IMF with its basket of world currencies - Dollar, Euro, Japanese Yen, Chinese Renminbi and Pound Sterling.
IF the IMF has to bail out the Fed and other Central Banks... it'll be the end of dollar hegemony.