It's not even that. It's more like eating at a lavish restaurant every night, and paying with pieces of paper that you just printed your picture on. Eventually that game might indeed end, but it has much more to do with other factors than basic arithmetic.

Talk about deficit spending is basically nonsense from the vein of fake austerity politics of the past several decades, whose real purpose was to starve most government functionality while distracting from the many trillions of dollars given out as artificially low interest loans, basically shameless handouts to the financial industry and asset holders (see: the everything bubble).