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You can have my garlic roaster, too — not to borrow; to keep.
You can have my garlic roaster, too not to borrow; to keep.
If people borrow to keep a roof over their heads, who can blame them?
If the 47% want all those services, they need to start funding all their services instead of just having the government borrow to keep the peasants happy!
But the recession slashed Treasury tax receipts by over £40bn, forcing us to borrow to keep public services on the go and get Britain back on its feet.
The Treasury has said the government will reach its debt ceiling on Aug. 2 and that it will no longer be able to borrow to keep operating and repay existing debt.
Similar(50)
But expenditures for popular projects have outrun income, particularly in recession years, and the state has increasingly become dependent on borrowing to keep the books balanced.
The state owes the federal government $4 billion that it borrowed to keep its program afloat, and unemployment taxes on businesses have already been raised, and will need to be raised more, to repay the money.
In borrowing to keep the project afloat, the state paid outside bond underwriters and lawyers, although those costs are minuscule in comparison to the $48 million a year to be paid in debt service.
"You have to keep borrowing to keep growing".
The goal of the unemployment law, which also modestly raised business payroll taxes, was to help the state pay back the federal government for money borrowed to keep unemployment benefits flowing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com