[Moonman62]

Deficits are only bad if they get so bad that we can't keep the government going (we need the government to keep going so we don't have anarchy).

Deficits are bad if the spending creating them is unethical, or if the money could have been better used somewhere else. You've made your point on the financial side of it.

[expat_panama]

Strange.  I would have felt that the economic focus was "the money could have been better used somewhere else",  ---and the statement "we need the government to keep going so we don't have anarchy" was the moral claim.