Meself, I maintain that it's OK because 'We' have a robust world view and refuse to allow the mealy-mouthed to censor us, but of course, this leads to the question who are they, the mealy-mouthed?
Me, on occasion, and on certain subjects, according to certain people!

Morality is only the view from a very personal hill.

I've only ever seen the song as an expression of sympathy, from a robust viewpoint, but then, I've only ever heard it sung by EB himself, on record. It sounds to be sung with an affected stoicism, not gleefully.