So no more big borrowing.
All the G20 governments are into big borrowing.
Bond investors have worried most about countries with big borrowing needs adding to an already high stock of debt.
But they will have only an indirect effect on the biggest borrowing expense for most people -- mortgages.
Sharply rising interest rates and a plummeting dollar, for instance, would darken the prospects for big borrowing to fund private accounts.
Nassau's finances crumbled in the 1990's, despite the economic boom, because of big borrowing and deficit spending under County Executive Thomas S. Gulotta.
This plan, said to have adherents within the administration, would require around $2 trillion of extra borrowing over the next decade.The "radical" camp wants larger private accounts, no benefit cuts and big borrowing to pay for the transition.
Ford was viewed as the shakiest of the Detroit automakers when it made its big borrowing in the fall of 2006, soon after Mr. Ford wooed Alan R. Mulally from the aviation industry to become the company's chief executive.
This season's big borrowing fad is "tobacco bonds," in which states will sell you a share in the money they expect to get someday from the gigantic legal shakedown of Big Tobacco.
Four Seasons is now a prime example of what happens when private equity – big borrowing, hard charging – goes wrong, with results that may be paid for by its residents and families and even taxpayers over the coming months and years.
