🤔 Is having a high debt good for a national state?

We cannot answer decisively without knowledge of economics

💡 But let's use a trading analogy:
Is having a high leverage good for a trader?

Well, it is bearable while your trading strategy works. However, when it stops working and you lose trades, having a high leverage means you may face a situation when you owe the exchange platform more than you had in your trading account. 😱 This can be catastrophic.