US Elections?
Well, I've got boring French ones too, competing for most boring elections in the world with USA ones...

Regarding USA and debt?
Well, till 10-20 years ago, the US of A were able to do anything they wanted with the money they created and devaluate anytime to lessen the burden, leveraging what you could call a world tax.
But, in the last 20 years, China has absorbed a great deal of US debt in many forms and has enough weight to prevent the US of A to play the devaluation game as they please. So the debt now keeps increasing and the system is soon to be in a deadlock.

I do not know what will happen that will solve that problem, but rules have changed ever since China got more and more trade powers... They didn't even have to force anyone to get those power, they were offered to them. Even with absolutely no ill intentions, it's a fact they have more power and can/will influence any global solution that has to be found to solve the now global economical mess we have.

What can a new US of A president do then? I don't know...