Final answer:
Government debt has benefits such as funding public projects and stimulating economic growth, but it also has costs including interest payments and burden on future generations.
Step-by-step explanation:
Government debt has both benefits and costs. Some benefits of government debt include funding public projects and programs, stimulating economic growth during recessions, and providing a safe investment option for individuals and institutional investors. However, there are also costs associated with government debt, such as interest payments, potential inflationary pressures, and the burden it places on future generations to repay the debt.