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Exact(37)
Outsourcing public sector contracts wasn't just a doctrinaire response to high levels of borrowing.
Most of this has been financed by greater levels of borrowing.
How much of it is an illusion, created by levels of borrowing – financial and ecological – that cannot be sustained?
Levels of borrowing on second mortgages have now hit the heights last seen just before the crash.
It allows borrowers to move to a property of the same value, buy a bigger home, or downsize without increasing their existing levels of borrowing.
A simple deficit, then, may be a surplus on a full-employment basis, and government action may be severely contractionary despite positive levels of borrowing.
Similar(23)
The provision would enable the bank to circumvent Dodd-Frank rules against funding bank operations with excessive levels of borrowed money by changing a date used in the calculation of financial terms.
Osborne says he has made substantial progress in cutting the level of borrowing.
"When he campaigned for office, he promised not to borrow, but what he's doing is increasing the level of borrowing.
It said the debts of both the city and state had more than doubled since 1990, and recommended that the state reduce its level of borrowing.
To prevent banks from running up massive debts on the government's tab, the program limits banks to a 25percentt increase from their current level of borrowing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com