The “debt” of a monetarily sovereign state is really nothing like the debt of a household or business. The US could pay off all its debt in an instant by an act of Congress. Not saying that would be a good thing, but there are no financial constraints stopping Congress from doing that; only political ones.

Bond sales are only politically connected to the budget; not financially. Not selling bonds would in no way hinder congress from passing a budget.

Increasing the government “debt” isn’t bad in itself though.

How is that? In my view, MMT follows logically from the simple accounting idintity that debits and credits must balance, and the oberservation that the government is the monopoly issuer of its own currency. I’d be glad to hear your perspective though.

Noone gets it really. The government collects it, but then it “burns” it, just like it does tax revenue.