Why do people assume that overconsumption is the reason there is so much debt when quite a large percentage of the debt the average person has is medical debt. Wages stagnating and people getting desperate to live.

Buying less shit doesn't mean you can easily afford medical care, even with insurance

https://www.kff.org/report-section/kff-health-care-debt-survey-main-findings/

The KFF Health Care Debt Survey finds that 41% of adults currently have some debt caused by medical or dental bills.

You have this idea in your head that anyone who owes a lot of money only owes a lot of money because they purchase unnecessary things, and I don't know why. Really, most people don't go into debt because they want something shiny and new.

And who said everyone was guaranteed an interest free loan, like when did anyone even say that? Who are you even arguing against, because it doesn't sound like me

The government paying for it assures the risk is lessened and that any anti-lender policies won't be enacted. Like sub-prime loans, they aren't fair and they do target poor communities.

Like, if we can have government bonds why not government loans for more mundane needs?

That's how any business works.

I understand there are businesses that target poor communities because it is profitable (under the assumption that any business that exists is doing so to make money, and if it didn't make money they would stop doing that business)

I'm saying, I like it better when there are organizations that do things people need because people need them and not because it is a good opportunity to exploit them for profit.

Obviously I know what a government bond is, I'm saying if we can trust the government to facilitate loans in 1 direction (the government is an institution we can trust with loans), why not the other direction where the government gives out loans to people without insanely high interest rates?

That's a rhetorical question of course, I'm saying it could happen with the right policy (and it does technically happen for entities that aren't regular civilians literally all of the time).