AFCB_Mark
Well-Known Member
- Joined
- Sep 13, 2014
- Messages
- 3,514
- Reaction score
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- Points
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- Supports
- A single unitary authority for urban Dorset
Ideally you want to decrease your debt levels when the economy is growing, paying down what you owe whilst maintaining modest growth. And then ramp up borrowing when harder times hit in order to maintain levels of funding to your services.
We seem to do it the opposite way round in this country. Borrow shit loads when times are good and throw money on everything, and then when shit hits the fan we close the coffers and become more tight fisted than Steptoe and son.
We seem to do it the opposite way round in this country. Borrow shit loads when times are good and throw money on everything, and then when shit hits the fan we close the coffers and become more tight fisted than Steptoe and son.