Ah, ok. So as long as it's called the National Debt (which is caused by repeated budget deficits) and not "perpetual budget deficits", it's ok. The United States is owned by other nations, but we have good credit, so it doesn't matter. We just have to make sure that none of those other nations call in those debts, though, because if they do, we don't actually have enough economy PERIOD to pay them back. Maybe we'll just use our stellar credit again to pay them off with money from someone else which we can in turn owe far more to.

You work for HSBC, don't you? Well, stick to counting your dollar bills, because negative numbers are clearly beyond your grasp.