The other day I saw a post on Google Plus talking about the Liberal Government trying to reduce debt, what most people wrote under there were something like "the debt is not significant enough to be worried about, look at the US" etc. I was furious at that sort of opinions. A debt like the US have? They can barely pay for their interest on that debt with their whole budget! So I posted "You would not allow your own finance to run into debt, why should you allow your government to do so?" And what I got was name and shame from leftards telling me that I don't know a single thing about economics. Their reason was a company has to borrow money to grow. Oh really? I might not have a degree on economics but I think I know better than that.
For one thing, companies do not grow by borrowing money, at least that is not a healthy type of growth you'd want, as the debt will catch up with you once your profit falls behind interest rates. A company grows by re-investing part of its profit, which in turn brings in more profit. Isn't that the basic economics we're talking about?
Secondly, a government is not a company, the last thing you want is for it to grow.
