The document discusses the various types of debt in web development, including technical, design, accessibility, internationalization (i18n), security, and devops debt. It emphasizes the importance of planning and establishing a 'building code' for the web to manage these debts effectively, as unaddressed debt can hinder velocity, sales, and overall functionality. The author proposes a structured approach for applications through a project called Storycore, aimed at setting essential requirements for user experience, accessibility, and security.