Because governments don’t tax and then spend. This is a deliberate lie from certain sections of the political spectrum. Governments create money, spend it and then use taxation to offset the inflationary effect the money creation has on the economy, less the deficit.

It’s not debt, in the way we would experience it. The debt is actually of human labour which the population works off and is paid for. Money is human-labour standard, as opposed to gold or oil standard, if you actually look how it works in the real world and not dusty academic journals.