Analogies comparing household finances to government finances are pretty apples to oranges. A household can’t easily get unsecured loans below prime, print money to cover debts, or do many other things that governments can.
Financing and even currency issuance depends on trust.
I can get a 0% from family and friends if i needed for far more my net worth. With connections I could also get counterfeit and pass it around.
It comes down to the fraud triangle: opportunity, incentive, rationalization.
The government may have more leeway to commit fraud than an individual. But the comparison is still apt, the fraud is the same, whether its a house being paid with CC or GPD with govt bonds. Ignore that at your own peril
Conversely, the US government has also spent the last 40+ years abusing the fallacy that loaning money is completely different than spending, which has grotesquely distorted the financial industry and the housing market. So the sooner we shove off these misguided notions, like that the government's balance sheet is anything like a private balance sheet (and even worse, that the Federal Reserve's balance sheet is somehow distinct from the government's!), the better. Modern Monetary Theory is more in line with the actually-conservative Austrian School than the hybrid catastrophe of the past four decades.