I still contend the US debt is meaningless .....since it will never be paid back ,but simply serviced by funny money......when you own the money tap ,there is no need to even consider money.......Im outraged by the lack of movement in interest rates .....when everyone in the world is running on more and more borrowed money ,why am I getting such pitiful interest paid on my money?....Interest rates should be pushing 10%,not stalled at zero.....This is robbery of the people who have led useful lives to sustain the mega rich in their fantasy lands .Including the orange one .....his enterprises ,centred on tourism and expensive hotels should be bust ,kaput ,wiped out.
I would agree on your assessment of the US debt as meaningless, The US owes a significant percentage of that debt to itself which indirectly is meaningless.
As far as the low interest rates being paid on savings, I think there are a lot of reasons for that. First, interest on money borrowed is an offset for decreased future value in the borrowed currency. With the 2008 financial meltdown, the world's economy was suffering a deflationary spiral. This lead to most countries central banks to in essence do things to inflate asset values.
Here in the US when the Fed did there multiple rounds of Quantitative Easing, they were hoping to generate enough inflation to at least hold the book value of assets albeit an inflation devalued value. That did not happen. To date the Feds has pumped in excess of 5T$. I think the Feds were also attempting to devalue the US Dollar and make US exports more competitive and affordable. This also did not happen since everyone else was doing the same thing and with world financial jitters, the US Dollar and economy was considered the safest bet in town.
As the situation is currently, in essence no one needs your money that is in your savings account. That is why they aren't paying you anything for it. When we literally have negative interest rates in some places, that means banks are paying people to take the money off their hands. It also reflects a financial view that the money today will be worth more tomorrow, a deflationary view.
I think you are misplacing your security if you think your cash in the bank is secure. Yes it is likely protected at face amount but not face value.
You will not see interest rates raise until the central banks adopt a different policy and actually attempt to contract the money supply. With world inflation low, this will not happen.
If you want to prosper with your cash savings, you are going to need to get much more sophisticated in your investment strategy. Expecting 10% interest in a market place in which we have as low as -2% interest places you outside of the market. There are plenty of relatively secure investment strategies that can accomplish your desire, just not the way you are trying to do it.