The whole point of an organization is to issue debt (or equity) and convert that into assets ... The true comparison is assets vs liabilities ! And if the debt is your own currency ..that you can print ..then it makes sense to issue as much debt as investors are willing to buy .. the problem with most other nations is they can't sell their debt .. US can .. why ? Cuz it is land of innovation .. I think Bitcoin was invented in US .. not sure though ! :-)