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    Is public debt a burden or a blessing

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    "Is public debt a burden or a blessing? " What are the downsides of public debt? and what are the pros or benefits, if any?

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    Public Debt can be burden or blessing.

    It can be blessing when:
    It is a tool of fiscal policy. Fiscal policy refers to nation's policy relating to the government spending, taxing, borrowing and debt management. The main objectives of the fiscal policy are:
    1. Mobilization of resources
    2. Acceleration of the ...

    Solution Summary

    This discusses whether public debt a burden or a blessing