Good:
There is a saying, You need to spend money to make money. "[S]hort term deficits [can] give a kick start to a stalled economy." (25). Indeed, President Bush often cites tax cuts as providing needed stimulus to the economy.

Bad:
Increasing debt requires a large amount of resources be devoted to interest payments on that debt.

• "[B]ig public debts devour revenue that could be spent on other programs. They may crowd out investment by pushing up long-term interest rates. They may also have a regressive distributional impact, transferring economic resources from taxpayers to bondholders or from future generations to the present generation.
• What does a budget deficit mean? Not economic collapse or calamity. Rather, incremental but inexorable diminution of future wealth. [...] By sucking up scarce capital and spending it on current consumption, government burns up the money available for productive investment and so destroys wealth in the future. It is robbing the unborn.

(26).

Indeed, as was reflected on the Background page, interest on the debt amounts to 14% of the federal budget.

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Impact on Young Adults