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"No more borrowing for current spending under Labour," Mr Balls said in December.
No more borrowing.
There will be no more borrowing for day-to-day spending.
Mr. Cuomo also wants no new taxes, no more borrowing and caps on property taxes and spending.
Federal officials justified no more borrowing by pointing to the trillions added to the national debt since 2007 to finance Washington's "crisis response" programme.
"What we have done, though, is in 15/16, we'll match their current spending plans – no more borrowing for current spending under Labour; there'll be spending cuts, there'll be tough decisions".
Similar(52)
As the party prepares for its conference on Sunday, its former leader argues that Lib Dems can do no more than "borrow" votes as the Conservatives maintain their drift to the right.
A few days ago, Yorkshire building society cut its five-year fix to just 2.44%, though this mortgage is for those borrowing no more than 65% of the property's value (there is a £1,475 fee to pay).
"No spending requiring more borrowing.
And one of the tricks used to enhance IRRs in recent years, paying special dividends funded from even more borrowing, is no longer an option given credit-market conditions.
Meanwhile, President Barack Obama is pushing a nearly $900.0 billion stimulus package in Congress that no doubt require even more borrowing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com