POMPOUS MITT ROMNEY CALLS IT IMMORAL FOR U.S. GOVERNMENT TO INCUR INDEBTEDNESS, BUT WHY DID BAIN CAPITAL INCUR MILLIONS IN DEBT TO RUN ITS BUSINESS?

Okay, Barack Obama was not up to his usual high quality in the first debate with Mitt Romney.  Romney won, but who cares?  The victory will be short-lived.

In the meanwhile, consider Romney's pompous and self-righteous statement that leaving government indebtedness for our children and grandchildren to pay off is downright immoral.

If going into debt is highly immoral, how come Romney's own firm, Bain Capital, borrows millions of dollars on each deal that it does, so that it can buy a controlling interest in the company's stock?

The answer is, Romney's firm is a business, and it operates according to business principles.  If it borrows money or if it sells bonds, it has a pretty good idea how and when it will pay back.

The same principle applies to the biggest corporation, the government of the United States.  The government borrows money, so that it can invest in creating jobs, providing for the common welfare, e.g., for the costs of Medicare, building highways and infrastructure.  These are necessary to foster a prosperous and healthy society.  The notion that Romney's Bain Capital may go into indebtedness, but the U.S. government may not borrow money more than its current income is ridiculous, sophomoric and dumb.

Furthermore, when Romney says it is immoral for the government to incur indebtedness, how about if the indebtedness is earmarked to create well-paying jobs for our children's fathers and mothers?  How "immoral" would it really be if the U.S. government did nothing to make sure today's children and tomorrow's grandchildren went hungry because the government failed to invest in their future and their welfare?