All I Need Is a Miracle, All You Need Is Ca$h

Sometimes we wonder why our country (or any country) has debt, tons of it. The arguments are: we have so many natural resources, we don't need any debt, we are so rich and debt is bad. These days I realize something, that debt is sometimes unavoidable. Imagine you spent all your savings, for the last 10 years or more, for big spendings, some emergency ones. And then something comes along, you need to repair something potentially dangerous, your house or your car needs some critical fixes, right now, and costly (I mean expensive!). What are you gonna do? Just let it roll, or get some cash quickly and massively (we talk about some millions you never had). You just can afford it, for the next decade, but you know it's neeeded. And so, that's where the debt comes in. You can assure your asset will last longer, but now you must pay your debt back, for the rest of your life.