Inflation and wages go up together if not at the same pace in a long run of 5 years or even longer.
Any good and service increase prices as long as customers still demand those goods and services in a long run again like 5 years or even longer.
The debt is not out of control as long as Americans keep their political and economic systems with advanced technologies, high tech production power, military power, rich resources of human talents and economic resources, even climate and financial dominance of banking, dollar, etc.