But interest rate swings work most immediately with consumers, who usually respond to lower rates by borrowing and spending more.
By borrowing, raising taxes or cutting benefits - not exactly pleasant solutions.
A bank bailout is one program that Congress should finance by borrowing.
That is so whether governments finance them by taxes or borrowing.
And yet government spending increased faster than tax revenues with the balance made up by borrowing.
The community cannot afford to pay the required tax in one year so the immediate finance is by borrowing.
But he knows how Thomaston is likely to get the money to fix its environmental problems: by borrowing.
Americans have loaded up on expensive toys largely by borrowing and charging.
Less politely it might be described as how you learn by borrowing.
Trying to pay down debts by further borrowing is an exercise in futility.