Of course it is. Government debt has nothing to do with capitalism per se even socialist nations have debt. China’s is rated below ours.
Private debt has hardly become so bad that “the average citizen is tapped out” that is just an exaggeration.
Credit bubbles don’t “kill” the fiat currency either and their bursting and the resulting deflation generally strengthens that currency.
You should study the history of capitalism.
We have a country that is NOT capitalistic.
YOU go read some history, we have SOCIALISM.
From Social Security to a progressive taxation to DeathCare, NOTHING this government does is capitalism.
Not even the housing market. We basically don’t have property rights anymore either. And public schools are the shinning example of socialism.
It is YOU who have not read your history. It is sheer propaganda of you to pretend otherwise. Don’t want the sheeple waking up too soon? eh?