Further part of that myth is that tax reduction, resulting in debt, means a transference of taxing from present into the future, because debt is a loan that not only do you have to repay it later on but you pay interest on it. So in the end that transference into the future means you pay more for same service.

That is why that economic propaganda was propagated, because that interest is a quaranteed payment to the loaners. Loans that they usually would not get. That way money was transferred from Joe on the street into the pockets of banksters.

This is like giving a teen ager a credit card, who using it gets into debt.

The flip side is over taxation leading to budget surpluses. Joe also pays more.

Best is an affordable medium to Joe Taxpayer.