Those that are our national legislators as well as the executive office, through their continual fiscal irresponsibility, have brought the United States national debt to all-time highs, of which the usdebtclock.org puts the current national debt at just over $23 trillion, as of November of 2019. The responsibility of paying that debt and suffering to its consequences are not upon our national legislators, or the current occupant of the White House, but are the collective responsibility of the people that make up this nation, and of those yet unborn.
In nations ruled as monarchies, the king and queen of such nations, took on royal debt, for expenses such as the raising of armies for not only the defense of the realm but also for the conquering or the attempting of conquering of other nations; additionally monies were spent on the infrastructure for the monarchy, such as buildings of all types, bridges, roads, and so on and so forth. In order to service that debt, taxes of one sort or another were levied directly or indirectly onto dukes, earls, barons, and knights, in order to help finance the monarchy debt obligations, and when necessary, the borrowing of monies from money lenders or even other nations was done. When armies, though, failed in their mission to conquer other nations, or were unable to ravage other nations to the extent that the army was self-supporting, in which the subsequent taxes being collected was not at a rate that was sufficient to pay off the debt, or to even properly service such debt, than those that were part and parcel of the royal court, did not let up on placing the onerous burden of that royal debt, upon its subjects, to make good on, or to suffer the ill consequences of their disobedience to that monarchy.
Today's America has created an enormous national debt load, which has primarily come about from those that are our present day elites working on behalf of very privileged people, either effectively as their representatives, in principle, or in lockstep with the desires of those elites. This is quite obviously for the present benefit of those well placed individuals and corporations, that benefit monetarily at the great expense of the people as a whole, in which, because America does not have its national fiscal house in order, the dire consequences of this indebtedness falls upon the present as well as future generations that must make good on monies already spent or taken from the national treasury.
This thus means, that though America is nominally a republic, and is in principle, a government of, for, and by the people, it is in reality, a government that has in conjunction with well placed individuals and favored corporations, seen fit to run riot over any fiscal responsibility as well as to vacate its integrity, in their lust to take as much as they can for as long as they can at the expense of the people, in whole. So then, as in monarchies of old, America and the elites have as their sole objective, to own and to control the lion's share of worth in America, and all others that are thereby born, are born to service those that rule them, and to pay their tribute, willingly, or to suffer thereby the consequences, of having not done their share of paying back that new royal debt.