A blogger at the NC Register gets it completely wrong.
Here in a pre-election post in defense of the "Paul Ryan Budget" that was criticized by US Catholic Bishops earlier this year, this blogger depicts government "debt" as immoral.
Let me cut to the chase, the USCCB was wrong (At least part of it). The text of the letter issued by the Bishop's Conference gets the basics wrong and completely ignores the immorality of continued debt...This is a bit ironic as the recent Papal communication last week for World Peace Day "completely ignored" public debt/private savings and instead focused on unjust economic outcomes solely without mention of so-called public "debt", otherwise known as private "savings".
It is also helpful to keep this scripture in view in regards to public "debt":
8 "Or what woman having ten drachmas, if she should ever be losing one drachma, is not lighting a lamp and sweeping the house and seeking carefully till she may be finding it? 9 And, finding it, she is calling together the friends and the neighbors, saying 'Rejoice together with me that I found the drachma which I lose!' 10 Thus, I am saying to you, there is coming to be joy in the sight of the messengers of God over one sinner repenting." Luke 15If public "debt" was immoral, I wonder why the Lord would not have used this story of a woman overjoyed with net savings of 10 drachmas to instead scold the civil government of Judea for not running a "balanced budget".... perhaps because the Lord is NOT STUPID AND BLIND...