I have to disagree. Whether you are a citizen, a company or a state, if there is a structural gap between your income and spending, you need to raise either your income and/or reduce your spending. Usually, the only realistic option for citizens is to reduce spending. Loans should only be used to cover a very temporary short-fall or for investments with a reasonable chance of return. If that is not te case, the banks should not be lending that money. The guy in this cartoon clearly has a structural problem - lending him money will do neither him nor the bank any good.