How do governments manage massive amounts of debt without going bankrupt or running out of money?
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The government might be in a huge amount of debt, but they are also making a huge amount of revenue. Think of a person buying a house. A mortgage could put someone hundreds of thousands of dollars into debt. However, if that person has a good steady job, they will have no problem paying off that debt in 20 years. It is the same for the government. They may be 20 something trillion dollars in debt, but if they chose to put a trillion dollars aside per year (which the USA could without much issue), the could pay off the debt in 20 years.
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