Yes I could see that as well.

Regarding the debt being an issue in the immediate future, I find that unlikely however, at least in regards to the US. Yes, we have a huge national debt, but if you look who is actually holding that debt... it's mostly the US itself. So, paying the debt back isn't such a big deal when you are just moving your money from your left pocket to your right pocket. Which is likely why it hasn't mattered much even up to this point.

At some point it may matter yes, I just don't think it is imminent like some believe. Confidence is a fickle thing though and if all the sudden people/investors/countries all decided at once they no longer would take our debt, it might matter that much sooner.