If you owe more money than ever was created you can never pay it back.

如果你欠的钱比创造的钱更多，你就绝没可能还清。

youdao

Conversely, if you owe your friend, then you will have to pay back the sum soon - it looks as though your friend needs the money.

相反，如果你欠别人钱，你会很快不得不偿还债务，因为你的朋友可能需要钱用。

youdao

Have you paid me back the money you owe me yet?

你向我借的钱还给我了吗？

youdao

Defaulting on debt is deflationary in nature and restructuring your liabilities is the only choice when you owe more money than you can pay back.

FORBES: Deflation Isn't The Enemy

Of course, if you owe the feds money (for student loans or back taxes, for example) or if your refund is otherwise earmarked for seizure (such as child support obligations), your refund will be offset by the amounts owed.

FORBES: IRS Claims Nearly $1 Billion Owed to Taxpayers for 2008