The "debt" numbers have become so absurd they are laughable at this point.
They are all fake numbers attached to fake claims of value and ownership.
[They] cannot take anything without the consent of the governed and the military to back [them] up.
In the same way a loan shark can't collect debts if their enforcers refuse to do the dirty work for them.
The phrase is "wait with bated breath".
Not baited.
https://idioms.thefreedictionary.com/waiting with bated breath