IF the money was used for infrastructure that added value to the economy or it advanced our society like new / upgraded hospitals roadworks stadiums ports dams river systems etc thats GOOD Debt...unlike dishing out handouts , wastage and ineptness by governments which is BAD debt...it produces nothing except an interest bill .....
We were spending more than we earned ..do you think you would have your house if your mortgage payments exceeded your wages ? or all your wages went on your mortgage...you would need charity ...or eventually live in a tent in the parklands.
People think its governments money..no its our money , if they printed more money it would devalue our $ which would be bad for most of us as goods/food would cost more .
Someone said the government should run the country like a business..I disagree..they should run the country like a household budget.
