A deficit is a debt

  Deficits are essentially a debt. A budge deficit is a government debt owed to its own central government bank. A trade deficit is a national debt owed to foreign nations.

  So if a government does not have enough tax revenue to pay for government spending, it must borrow additional funds from its own central government bank. And when a nation does not export an equal value of goods compared to the goods it imports, it must borrow additional monetary units and export it as payment.

  I would not worry too much about deficits. Most countries and its people are not very intelligent. They do not even know what their interests happen to be. Either I am left in the dark about secret backroom diplomacy or foreign leaders are very stupid.