i'm trying to clarify this in my mind.
we have profitable companies using debt to justify nefarious behaviour in the workplace. (in spite of skimmed profits and bonuses).
we have financiers like Morgan, etc., egged on in their production of more debt.
we have nation states doing the egging and forcing residents to pay coming and going.
at the same time, we've had many people in progressive circles, in the past, saying national debt is no problem.
it seems to me that there needs to be clarification that national debt in the service of real people and real, useful, ecologically and people-friendly public projects with decent wages, is not a problem because real people and a healthy planet will recycle the benefits.
however national debt in the service of a few consolidated bankers and their buddies is a bottomless pit, a vortex that continues to suck the life out of workers, residents, and the earth at an exponentially increasing rate.
the distinction is critical.
again, size does matter, as do the questions of who is benefitting, how, and who is getting shafted.