Buying healthcare using debt...an unhealthy formula

According to AP, President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care overhaul.

It appears we are beyond the point where further debt makes any psychological or real difference to decision makers. As long as someone is willing to finance the debt, why not? This seems to be the prevailing logic.