“14 trillion household
10 Trillion corporate debt
23.3 trillion USA debt
state and local debt…”
The 23.3 trillion is referring to Public debt (US government spending which provides currency to the private sector to provide the resources which support infrastructure, security and public assistance to private individuals and incorporations and also allow a private economy to exist).
All of the other types of debt you mention are Private debt. Debt held and incurred by Private individuals and Private corporations (both for profit and non-profit incorporations). While State and Local governments have a public nature in their action and interaction, they do not have the authority nor right to their own sovereign currencies thus their economics are dominated by the necessity to utilize the Federal government’s currency and their debts are in federal currency terms essentially making their spending Private State and local debts in a currency they don’t control.
US federal currency is essentially Federal IOUs, that the federal government spends into existence and then eliminates from existence through federal taxation. The currency that is in circulation in our economy is the difference between what the government spends into existence and what the government eliminates through taxation.
This difference between Public spending and Public taxation is nearly the entire Private economy, eliminating the difference (through nonsense like strict PayGo rules for instance) basically eliminates the Private economy or turns it into a black-market barter economy, this is simple macroeconomics and the nature of fiat currency in a sovereign economic nation.