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Labour's mantra is there is no commitment in the manifesto that will require extra borrowing for capital investment, but that is not the same as capital investment for other items.
He put economic credibility at the heart of the manifesto, promising no extra borrowing for manifesto pledges, but also announced a smattering of fresh policies, including a one-year freeze in rail fares, protecting tax credits, broadening access to childcare and bringing forward their commitment to increasing the minimum wage to £8.
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No additional borrowing for new spending.
The BBC's Political Editor Nick Robinson said Mr Cable's argument was not new, as he had been calling for extra borrowing to pay for house building and other targeted growth measures for some time.
But Ed Balls, the shadow Chancellor, said: "With our economy now in reverse, unemployment at a 17-year high and £158bn extra borrowing to pay for economic failure, the case for a change of course and a real plan for jobs and growth is growing by the day".
Ed Balls, the shadow chancellor, said: "With our stalled economy now in reverse, unemployment soaring, and £158bn extra borrowing to pay for this economic failure, the case for a change of course and a real plan for jobs and growth in next month's budget is growing by the day".
This is extra borrowing to pay for the costs of economic failure – slower growth and higher unemployment – rather than to support the economy through difficult times".
And the starting point for extra borrowing on credit cards and loans is already 10% more each year.
If these savers had paid tax first and then saved from their net income, governments would have enough money to provide services without the need for extra borrowing.
Lastly, voters can hardly fail to remember that Labour is campaigning at home for extra borrowing to boost flagging demand in the economy and restore a strong recovery that will take care of the debt and deficit instead of deepening both.
Yet Latvians have little to show for the extra borrowing; Estonians are richer.Today, Latvia has the disadvantages of the euro without its benefits.
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