what should we believe is a safe debt as a percentage of our nation's annual income? i believe we are currently around 70%. if you make 100k a year, would you hesitant to purchase a house for 70k? of course not. it would be crazy not to. it is perfectly reasonable to spend beyond your means in this way, like cparso said. plus, if you are borrowing at an effective rate of 5%, and you can use that money for growth at 6%, you should always borrow as much as possible. a large debt isnt necessarily a sign of a bad president, far from it. bush is an mediocre president in terms of the economy. he knows that debt isnt bad, and not raising taxes is good, but he is far too against free-trade, which could basically save the world. spending isnt bad necessarily, but it is terrible when it works against the free market, which it often does. certainly the democrats are worse with their "we need to raise taxes to pay down the debt" philosophy, as well as their favoring of obviously crowd pleasing but horrible things like minimum wage increase. democrats love to take advantage of public ignorance of issues like minimum wage for cheap political points.