Hooray! We did it folks. We raised the debt ceiling again and averted a self imposed default on US government debt. And to celebrate this joyous occasion I wanted to write my 3,589th article explaining some of the never-ending misconceptions about government debt and borrowing. And to do that I found this David Stockman interview from last week. Stockman was Reagan's budget director in the 80s and seems like a good guy from everything I've read. But he's also become the poster-child for government debt fear mongering. So let's dive into this interview because he