So loan ourselves money we don’t have and have no means to pay it back
Not exactly. Not loan. Give.
Paraphrasing the article: A bank or entity that has the ability to print money can’t lose money.
And therein lies the crux of our situation. “Money”, as the government looks at it, is an illusion. Has been since we came off the gold standard, I guess.
Course, to you and me, money is a very real thing. You either have it or you don’t and you want to get more of it.