When I bought my house 20 years ago, it cost me about 20% more than rent, and now about 30% less than market rents.

In ten years, I’ll own it free and clear, a feat that would have been impossible if I was just flushing money down the toilet in rent.

Ditto with national debt. If I borrow a billion dollars and provide health care, education or defend the state, what value am I allowing to be created?