re: #163 John Hughes

Uh, how, exactly?

debt is not a bad thing in and of itself if the marginal utility exceeds the interest costs.

the most common example of that is a home mortgage.

Debt is only bad when Democrats run it up, remember?

Heck, I recall a heady time under Bill Clinton when the US was running a budget surplus, to which Rush Limbaugh commented that it was immoral for the US government to take in more money from us than it needed to operate…