> Any treasury bonds held by the federal government (for example, by the Social Security) is money the government owes to itself and has no real-world effect. The only part that matters is treasuries held by private investors.

I do not agree it has no real world effect. That money will need to be paid back to Social Security to pay people out. Its either paid by taxpayers, or by everyone through inflating our way out of the debt. Regardless, its an obligation to be paid.

Stop wasting taxpayer money and start using it to take care of citizens. That's what the role of government is.