Its politically suicide
The voting public wants goverment services and welfare , while also not paying for it. I hate everyone who "blames" the goverment for this, when the people vote for people like Trump who keeps promising to raise spending and cut taxes
The goverment racking up debt is just doing what the voting public want, the voting public wants pensions, medical coverage for old people, a strong military , school funding, ect.
They also want low taxes. If someone ran on the promise to raise taxes , cut spending , cut entitlements they would get like 4% of the vote