With fiat money, you can't have balanced budgets or the house of cards collapses in a deflation because the deficit is how they increase the money supply enough each year to pay the interest on the existing debt. So, if you want balanced budgets or reduced debt, it would require honest money to come with it, or it would cause a depression.
You need to understand how debt as money works. Plain and simple, it is IMPOSSIBLE to ever pay off the debt, it was designed that way. If I lend you 100 units of money that only I can issue, how can you ever repay me 100 units of the original debt plus 5 units interest without borrowing more from me?