I never said we should have zero debt, that’s a strawman. Most economist recommend a moderate amount of debt due to various positive effects (some of which you mention). So the real disagreement comes here:
It’s all connected and that’s why running a deficit, a (relatively) small one, is a good thing.
The implication being that you think the U.S. has a (relatively) small amount of debt. Now, I am willing to be convinced otherwise, but I do not think that the U.S. currently has a small amount of debt. Our debt to GDP ratio is higher than other developed nations, which is concerning.
I do concede that we aren’t in danger of a debt crisis on the scale of Greece or Sri Lanka. But ~$34 Trillion in debt needs to be part of the discussion when we keep praising the economy.
I never said we should have zero debt, that’s a strawman. Most economist recommend a moderate amount of debt due to various positive effects (some of which you mention). So the real disagreement comes here:
The implication being that you think the U.S. has a (relatively) small amount of debt. Now, I am willing to be convinced otherwise, but I do not think that the U.S. currently has a small amount of debt. Our debt to GDP ratio is higher than other developed nations, which is concerning.
I do concede that we aren’t in danger of a debt crisis on the scale of Greece or Sri Lanka. But ~$34 Trillion in debt needs to be part of the discussion when we keep praising the economy.