The "current" debt level is rather dynamic (always going up) and has the potential to bust the economy at any time, especially in the case of default. It was increasing even when interest rates were zero for so long. Other debt classes like mortgages, credit card debt, student loans, auto loans and personal loans and corporate debt are all risky now.
I don't know enough about Trump's program yet but I can't see the government debt going down soon, in any case.
https://www.cnbc.com/2024/11/13/credit-card-debt-hits-record-1point17-trillion-new-york-fed-finds.html
https://www.statista.com/statistics/274636/combined-sum-of-all-holders-of-mortgage-debt-outstanding-in-the-us/