In a recent paper, Minea and Villieu (2009) presented an endogenous growth model with productive public capital and public debt. They demonstrate that a balanced government budget generates a higher long-run growth rate compared to a situation where the government runs permanent deficits in order to finance productive public investment. They conclude that the 'golden rule of public finance' implies a lower long-run growth rate than the balanced-budget rule. Their contribution addresses an important topic and is competently executed. Nevertheless, it is misleading because it is not the 'golden rule of public finance' that generates their result but rather the fact that public debt grows at the same rate as capital and GDP in the long-run. In this contribution we demonstrate that the 'golden rule of public finance' yields the same long-run growth rate as the balanced-budget rule provided that public debt asymptotically grows at a smaller rate than capital and GDP.