Meanwhile, to get it up and running, will cost anywhere from 1-2 trillion dollars of additional borrowing over the next ten years.
This transition cost would be met through a combination of increased tax revenues and additional borrowing from the public.
The additional borrowing required at the low point of the cycle is the cyclical deficit.
A larger capital base would support both additional borrowing and lending.
As a result, a dangerous idea is now afloat: additional borrowing.
As a result, additional borrowing has become more difficult and expensive.
He also said the additional borrowing would "easily be absorbed by our capital markets."
But opponents responded that the state could not afford additional borrowing.
The figure is the equivalent of £3,000 additional borrowing for every family in Britain.
A look at the entire picture shows clearly that additional borrowing doesn't seem prudent.