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What is more, a bigger share of Mr Brown's borrowing is financing capital spending.
Federal and state investment in Amtrak for financing capital investments to upgrade track, signal and passenger equipment, stations and maintenance facilities continues to make sense.
These funds could provide a reliable yearly source for financing capital investments to upgrade track, signal, passenger equipment, stations and maintenance facilities.
Some $23 million is to be spent on upgrading bathrooms, common areas, dining facilities and elevators and on financing capital improvements and tenant allowances.
Among the cuts in Bedford's contingency budget: delays in buying new desks, equipment and buses, and delays in financing capital projects, including a refurbished high school track and an expanded play area at an elementary school.
But Mr Putin in effect rejected a new model, based on innovation and investment, because of its troublesome political implications.This state-imposed stagnation is made much worse by the combined effect of the West's sanctions, a lack of access to financing, capital flight and a climate of uncertainty, which is locking Russia into a sustained period of near-zero growth.
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Anything that forces him to make the case for capitalism, and even finance capital, is what I call progress.
What made the Occupy movement win huge support last fall was not anti-capitalism; it was disgust with the depredations committed by finance capital & the plutocracy more generally.
Moreover, its companies can readily finance capital spending from profits.
Companies have also been borrowing heavily to finance capital investment.
"Finance capital," Sarkozy asserts, "needs to be made morally responsible".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com