RebE, you can’t study economy as Indian blind men were studying an elephant: each describing the part that he touched. In your personal finance, you can be a college graduate or a home owner with “deficits” due to acquisition of knowledge or assets. That is ok. So, just point that out without analyzing overall impact on economy is silly. And it is not even the country’s deficit you are talking about, but the government.
R Twersky describing how we are all affected by personal biases, recalls a rich man who had a socialist driver, who went to daily meetings where they railed against the rich, but the two were ok with each other. One night, the driver stayed home. The rich man asked him – why he is not at the meeting. The driver said – today that explained that after the revolution, they’ll divide all assets and everyone will get $4,000! I already accumulated $4,100 from your wages, so I am not interested anymore.