The question here was "Is debt good?". My observation was that debt is acceptable --and even good-- if, and only if, the person or organization has a historica

The question here was "Is debt good?". My observation was that debt is acceptable --and even good-- if, and only if, the person or organization has a historical track record and culture of efficient use of capital and will, in fact, continue to use capital efficiently after incurring further debt. The examples I provided are but a few from a huge list showing we are not efficient. In that context, yes, the examples are absolutely relevant. I have personally been involved in several government contract bids where I saw how government actors, systems and procedures managed to pay twice as much than market rate for items being procured. The waste present in government spending is likely to be of staggering proportions. It's like borrowing money to buy a truck for your business and paying twice market rate for the truck. The reality is that this hypothetical business probably wouldn't have needed extra cash had it been responsible about capital utilization throughout it's history.