You make the common mistake of assuming macroeconomics is just microeconomics at scale. A national economy isn't just a really big household.
There has been no correlation between public debt ratios and the Great Recession or its recovery. The Recession was not triggered by high debts, it has not affected countries with higher debts more severely than countries with lower debts, and attempts to reduce debts since the Recession have resulted in slower growth and - oops - higher debts.
You make the common mistake of assuming macroeconomics is just microeconomics at scale. A national economy isn't just a really big household.
There has been no correlation between public debt ratios and the Great Recession or its recovery. The Recession was not triggered by high debts, it has not affected countries with higher debts more severely than countries with lower debts, and attempts to reduce debts since the Recession have resulted in slower growth and - oops - higher debts.