> Debt isn't always bad. I know the mantra of our financial system that creating debt also creates opportunity, but that is certainly detached from reality if

> Debt isn't always bad. I know the mantra of our financial system that creating debt also creates opportunity, but that is certainly detached from reality if used to form a general rule. For a average Joe, debt is exclusively bad. For states? They have more possibilities. But at that point we are talking about completely different forms of debt.