> government debt is fine as long as it’s used to fund expenses that have an roi greater than the debt servicing costs Most federal spending is on things that

> government debt is fine as long as it’s used to fund expenses that have an roi greater than the debt servicing costs Most federal spending is on things that will have no monetary return. A very large proportion is on age-related spending (healthcare and social security). Running up debt to pay for education makes a certain amount of sense. Running up debt to pay for the lifestyles of those who will never have to service that debt seems unjust.