There are a number of issues with this comment. One of them is that debt and saving are just sides of the same coin.

More importantly, everybody can see that debt for investment allows more growth. Just think about how many more people can afford to own their own home thanks to taking on debt. This allows them to pay a mortgage instead of rent, which allows them to build up wealth.

Equivalent effects exist in industry.

Debt is an extremely useful tool. We made the right choice here as a society.