"And we Americans financed the whole thing. You're welcome."
Should you guys be financing things with your 1 trillion dollar debt?
Yes. We have the world's best credit, we have always paid our debts and by our own laws we must. It would be illegal for us to default.
And our GDP is $17 Trillion. A debt of $1T would be well within our means. But generally it is regarded as higher. But it isn't loans. We didn't take out loans. We issue government bonds. Which we pay back 100% of the time.
That is why the US is doing well, and Greece is about to crash and burn. We pay back whatever we say we will, so can simply issue bonds and people value them even more than loan contracts from another nation. Greece, on the other hand, pays back nothing, their word is so bad they're claiming the Germans shouldn't have ever believed anything they say, and they have to make up weird conspiracy theories to deny the root cause of their financial problems.
"Live withing your means" is a saying like "for each action there is an equal and opposite reaction," or "don't count your chickens before they hatch." It is a simple matter of understanding the nature of the physical world, and accepting what you have successfully achieved before the current moment in time. If you don't like what you've achieved, the only solution is to achieve more. Decide how to build what is desired. Don't wait for the world to hand you wealth, we will not. We have our own real living to spend our means.