Re: Is the national debt a good thing or a bad thing?
Its an interesting question. An economics professor described it in college to me basically like this:
Somethings in life are acceptable to be in debt over. Almost everyone is in debt making payments on their house for a number of years. A lot of people are making car payments for a number of years. Even student loans are viewed as acceptable debt. So why isn't it acceptable for the United States as a country to be in debt over things as important as social security and having the money to fight a war(whether you agree with the war or not)?
He didn't give me his opinion on the subject, but i think what he was suggesting was indifference. In that, its not really hurting the country as long as the debt doesn't go too far, but its not really helping the country either.
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