It sounds like exactly what is happening with the US government. Trump keeps saying that we are a rich nation when in reality we are $35 trillion in debt. The USA is the ultimate living on borrowed money economy.
Between 2023 and 2024, the U.S. GDP grew by about $1.5T while the national debt grew by about $2.3T.
Just think about that. It’s like paying a $53 surcharge to get $100 out of an ATM.