Ah, the Magic Money Tree theory. Unfortunately it's not true.
Most US debt is owed to foreign or domestic lenders, including banks, mutual funds and pension funds. So assuming you want your pension to continue paying out in your retirement (not to mention social security, Medicare etc) it is a huge problem.
https://www.pgpf.org/article/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt/