You kinda can largely inflate it away, and it would only devastate that small segment of Americans whose income, spending, savings or retirement pension/SS are done in Dollars. That's all—only them.
As far as interest on the debt, all of it owed to the FED, Rothschilds, CHYNA and that ilk, I say fuck em. I don't think minting the trillion dollar platinum coin is such a crazy thought.