[LS]

Debt is not good, and deficits are not good, but that's just my personal preference. I can't find any historical evidence that large deficits are correlated with higher interest, "Crowding out" of private bonds, or inflation.

Moreover, the national debt has been quite high (although paid down) in the roaring 20s, when economic growth was phenomenal. And when deficits were low in the 1960s, the economy was quite sluggish, save for the 2 years associated with the JFK tax cut.

[expat_panama]

Debt is not good, and deficits are not good, but that's just my personal preference.

We all like what we like.  My preference is to always have a lot of money left over at the end the month.  I know a lot of people who brag about paying fewer bills than I do, even though they always seem to have so much month left over at the end of the money.