Govt works exactly the same way. You think they spend more than they take in by ignoring the excess is lent to them by investors - even the govt is taking in more than it spends.

If you're considering the Fed, it too is a lender, and has a zero net asset sheet.

Yep, here’s the November 2021 balance sheet—clear as day, assets equal liabilities.

https://www.federalreserve.gov/monetarypolicy/files/balance_...