[beavus]

Government debt and money created by the Federal Reserve are two different things.

Apparently you are under the misapprehension that the Federal Reserve is not guaranteed solvency by Congress should it ever become necessary.

[Moonman62]

But the Federal Reserve increases the money supply by buying assets from money center banks in the Federal Reserve System. The only time it loans money out is at the discount window, which is a relatively rare, and when it does so, it charges interest and expects to be paid back.

Government debt is sold to investors, which may include individuals, foreign governments, corporations, banks, and generally to anyone who has the money and desire to buy it. Government debt is backed by the power of taxation, but its value can be affected by the value of the dollar.