There are huge misunderstandings and generalizations about the financial system, banks, central banks, money, etc. which is evident from this thread.
For example (but I could pick many things from upthread) here you show Fed liabilities which are the results of QE and can simply be called "money printing". This is not really debt. The Fed electronically printed money to buy (mostly) government bonds from banks to push down government bond yields and revive the economy via various channels (interest rate channel, portfolio balance channel, etc). If you look at it from a consolidated point of view, where the Fed is part of the US government (which in reality it is despite claims by many contrary to it), the US government reduced its government debt by printing money. They printed money and bought back gov't debt. That is what happened.
By the way, US household debt has been trending down since 2008, so it is not rising at all, as shown on the chart. What has happened is that gross government debt rose, but private debt went down, and net government debt (excluding bonds held by the Fed) did not go up either!
I think these processes are significantly more complicated than the generalizations told about them everywhere