[omegaworks]

>If you consume more than you produce, you're creating a debt. Sooner or later this debt should be paid.

Few things: firstly, trade imbalance is not debt. That is a gross oversimplification of the macroeconomy.

Secondly: debt repayment doesn't even guaranteed with personal debt (bankruptcy, for example, discharges personal debt). The state has mechanisms for discharging debt available to it that personal debtors do not have.