When Bush was elected, we paid off the house and took our money out of investments and into insured accounts. I advise others not to do the same. When you have no house payment, you feel like you are living in somebody else's house. It's a very anxious feeling, and it's putting a strain on my marriage. In addition, there is no shorter path to ostracism in the workplace than carrying no (or very little) debt. I've got nothing to talk about with co-workers, and they suspect I have ties with affluent and generous terrorists.
A country talking about its debts. Grim.