Charles, I have the deepest respect for your honesty and integrity, and I enjoy your humor. I catch The Osgood Files whenever I'm near a radio in the morning. They are only telling us half the story. You said that the federal government should balance its budget just as each of the states must do. But they never tell us the other half of the story.
Borrowing is a perfectly sound way to finance infrastructure investments.
It's because the rest of the story ruins the sound bite. It's perfectly sound to finance good capital investments with borrowing, because good capital investments make the future better. Adam Smith knew this. So far, our country has done a better job of this than any other in the history of civilization. Ask any banker.