The Good, the bad and, the ugly DEBT?

Apparently, only debt accumulated under stewardship other than their own is considered BAD by incumbent administrations. Now that the new outfit are in the driving seat, we learn that accommodation must be made for debt generated whilst they determine targets for the inevitable Slash and Burn which must occur in their quest for a buget in surplus.

One presumes this will be GOOD debt? The fact that the 'debt ceiling' will have to be advanced to a new level of half a trillion dollars (500billion) for any time at all, makes it very difficult for me to convince my boggled mind that any of the accumulated 'we owe yous' can be represented as GOOD!

What do you think? After all ... as tax-payers, the element of national debt generated by government (as distinct from private borrowers)... is actually YOUR debt the politicians are talking about in their glib, 'we know what we're doing' fashion.