The article doesn't talk about trying to pay off the debts at all. You have invented a straw man out of thin air to attack instead of engaging with the article at all.

Also, your "banks aren't households" argument, while deeply flawed, is useful to explain some very introductory concepts to people who don't understand rhe basics of how a central bank operates but has absolutely nothing useful to say about the very real dilemma central banks are facing.