that's so simplistic. Back home, (ex-communist country), at the early 90s, the infrastructure was in pieces. I remember it took about 1.2 hrs, to travel 30 mi

that's so simplistic. Back home, (ex-communist country), at the early 90s, the infrastructure was in pieces. I remember it took about 1.2 hrs, to travel 30 miles between the two biggest cities (one is a port, the other is the capital), of the country, on a two lane windy road. It was prone to accidents, traffic, frustration (every time when we wanted to go to the beach it was clogged). The gov. had no money. It had to borrow some from FMN, and foreign dona tors, and build a highway, a modest 4 lane highway. That 70 minutes turned in to 25-mins. Transport became much much easier, faster, and traffic manageable. And shipments a lot easier. The huge relief that came from the new road war worth the interest on that borrowed money, (money my government didn't have at the time), paid and more. If you spending on things that have clear future net economic output, there is nothing wrong with borrowing from future income. .. The problem is when the government borrows money (from future generations output), on dubious projects, or even worse, WARS.