Debt Is Good. It makes the Economy Grow. A young couple would have to save a life time to buy a house without debt. Republicans love debt. Houses being built drive economies providing incomes. Growth over debt equals exponential prosperity. A rising GDP since WW II is proof that Debt provides greater returns to all. But certainly a balance of equity on the balance sheet is good to build fat. Old school was 1/3 debt 2/3 equity, perhaps to much fat not enough efficency. . Maybe 1/2 debt 1/2 equity is a better model. Central Bank measurement and control is the key to sustainable growth. Debt is Good, Greed is Bad. Greed takes to much for itself, not affording debt and risk to be repaid. Debt and Credit worthiness must walk together to maintain the three legged race to prosperity which is the pathway to global stability and the spiral climb up the mountain to human rights for all. Republicans deny that debt is good yet puke excessive debt onto the tax payers through unnevessary wars. They Pile on Bad Debt while hiding cash and bond and going for collapse for their "Takings" your losses.
I set a goal to be debt free when i made 40. Three months after my 40th birthday i paid off my house. Have steadily grown financially and remain debt free at 47. Nothing like being able to work if you want to and not because you have to.