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