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Nation Debt


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I know every nation can have a deficit as the expenses can exceed the income, however, is there anyway my nation can go into debt? If I use all my taxpayer's money, then would it be possible? I think it would be nice to be able to do that and allow nations to pay interest. I think it would be great if many nations can put money into a world bank and earn interest on the money they loan (Maybe 3% a day) and the world bank can gain 6% or something a day with which the world bank can pay nations for their nuclear bombs and for peace terms! What do you guys think?

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