NO! we can never, will never be able to repay the accumulated (imaginary) debt. Re-payment is not the goal or purpose under our economic system. Keeping the 'illusion' alive and well is. We only pay the interest now (we all should know where that money goes).
The goal is to continue with the current system. But lets look at what happens IF we attempt to become debt free. The supply of cash is not nearly enough to cover all debt not even including the digital currency banks love so much.
Imagine gathering all the cash available to you is enough to get you personally debt free. And everyone else in America does the same. There's a problem. Someone is left holding an empty bag. No cash left for repayment spells foreclosure. Sorry dude.
Also,Everytime a loan gets repaid cash leaves the system. If enough cash leaves we get a contraction of the money supply which creates deflation. A little is good a lot is disastrous. Because you have to remember money is created from debt, so in an effort to get debt free no new loans get created to resupply the economy.
Sounds like they have us trapped No?