What's wrong with debt? With loans I was able to speed up my progress. I took loans two times and ready to take it the next time. You'll need just to be certain that you'll pay off. There is risk, but risk is everywhere you do business.
What's wrong is someone else getting into debt on my behalf, promising to pay it back with money they will take from me by threat of force as taxes, for purposes I wasn't consulted on, to further an unsustainable goal of perpetual growth which is hurrying the arrival of global problems.
Debt isn't the problem, it's that it's not paid down when there is a surplus. We chose to cut taxes or create new entitlements instead of paying down the debt.
Postscript: The "take from me by threat of force as taxes" makes you sound like a tea party nutbag or at best an angsty teen that despises parental authority. Perhaps you should have been born in a remote jungle to fend for yourself when you were a child instead of forced to live in a society which protected and educated you? At least you would have been free.
Welllll, I can see why a person or company or country benefits from ability to borrow, and I can see how investors benefit from being able to lend with interest, and I see how we all benefit from a society where developments happen faster because borrowing/lending is an allowed trade.
But somewhere between that, and the large scale results of that, my comprehension fails, and instead it feels like a bad idea.
>With loans I was able to speed up my progress. I took loans two times and ready to take it the next time.
sounds like you didn't blow your loans on girls and booze. The people's worries about the government debt, i think, in major part are really worries about where all these moneys have been going. Exponential growth of the amount of "bucks" while flatline [at best] of the total resulting "bang" does rise the question.
