Debt

All over the Web at the moment - people complaining about government debt.
Fine - why no complaints about business debt?
Why no complaining about personal debts?
The government should not be running up debt as it affects future generations.
Doesn't the same apply to business and personal debt?
Especially when much of that debt is required merely to gamble on "values" in the hope that somehow it will turn out to be profitable. And if it does turn out to be profitable how much of the debt will be paid off?
Or will it sit around on the "wait until I am ready" principle?
The point is - it is debt culture that is the problem. The people who vote in governments are probably playing this silly game with debt themselves (this is particularly applicable to those who believe in Friedmanism, which is a philosophy that cannot eliminate debt from its thinking - it is fundamental as to how it works). The government debt is merely a reflection of the not so frugal habits of the voters. If private individuals cannot restrain their spending, and live within their means, why should anyone expect their governments to think or act differently? The government eventually is the body representing the people, and that includes everything that that involves - including its psychology.
My own take? We need an end to debt culture in all areas - it only leads to poverty and instability.