I get what you are saying. I agree with most of it. There is a time and place for debt. When you need to expand an existing growing business. A business one has started with their own money, validated it to work and would like an extra piece of equipment to scale up. Debt for the sake of debt is indeed a problem. As for government debt I think that is off topic for this particular thread. That's a whole other story.
VC investment is not debt, I have no problem with trading equity for investment.
It is slightly different for business than people since a business loan is more on a case by case basis than consumer loans. With consumer debt, entire markets are restructures with consumer's ability to get loans in order to afford goods and services.
