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I edited my reply. Instead of hijacking this thread about the evils/benefits of government deficit spending just make a separate one.

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I don't really want to start a separate debate about government spending, but you seem to be defending that the government does it by saying "Hey, private business does it too", which I don't really see as being accurate.

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No not necessarily am I defending it. Mosely chimed in with a claim that the U.S. government doesn't meet it's debt obligations and never has. I pointed out that treasuries are considered to have no default risk and thus what he said is total baloney. Then he claimed that having permenant debt is inherently evil and I pointed out that it happens all the time just look at corporate balance sheets as one example. He pointed out an economic benefit to corporations using debt and I pointed out that there are economic benefits to governments using debt albeit different ones.