It depends on whose ox is being gored

Veronique de Rugy has an interesting analysis on budget deficits and interest rates in "When do deficits matter?" Money quote:

John Maynard Keynes, the 20th century’s preeminent defender of deficit spending, famously quipped, “In the long run, we are all dead.” Keynes did not give much guidance, though, on how we would pay for the funeral.

Nice one.