Uh, If you spend more than you take in you are NOT living within your means!
Just listen to the story line and the opposite is true. Just like a bunch of the old Soviet propaganda.
Can any of the many “investments” governments have made over the years be sold to pay off the debt? If they can’t be sold, they’re not investments.
If they can’t be sold for more than we paid for them, they’re not good investments.