Yes and no. The borrowing can prop up counterproductive spending, such as hiring smart people for government sinecures, keeping them from being creative in the

Yes and no. The borrowing can prop up counterproductive spending, such as hiring smart people for government sinecures, keeping them from being creative in the public sector, etc. Also, budget dependence on cheap debt has in the past been a very costly habit for many countries when the high interest times come along again.