The entire U.S. monetary system is based on debt. The first dollar was borrowed from The FED (a private bank) which really has no assets to loan. The FED creates money out of thin air.
I say we cancel the sham money debt we owe the FED and declare our debt to the FED $0. The U.S. treasury then put treasury dollars into circulation and cover our international debt. We would then have no interest payment.
Some say JFK wanted to put $4 million treasury dollars into circulation in 1962.