Good points. Just want to add debt is what we make it. It's not evil, but the truth is the temptation to overdo it proves a little too strong for human nature and our decision making process.
The "evil" part comes from the consequences of debt mismanagement, in that is can destroy lives, families, even entire economies. It can result in entire cities starving to death.
When debt gets out of control is when the biggest problems happen, because human nature just wants to borrow more. Thinking about tomorrow is overshadowed by our greed for xyz today. We hit the point where we had to borrow just to make the interest payments on our debt a little over a year ago. I don't pray often, but I have been praying that Americans would wake the f*ck up concerning or debt and our spending, for crying out loud! That's why, for me and politics, everything is on hold except for spending and debt issues. Whoever is going to address those concerns is going to get my support and my vote, and I don't care if it's a Democrat or a Republican.
And I am tragically sad for America that our debt is way out of control, and our leaders are pouring jet fuel on the debt fire, and the consequences will be felt around the world, and us defaulting on our monetary promises to foreign powers will probably be the catalyst for an invasion in the future.