He said he did not expect that the extra borrowing implied by the higher cost estimates would have much of an effect on credit markets.
With an endowment, you can top it up to cover the extra borrowing and it will still be repaid 25 years after you bought your very first house.
No extra borrowing needed, just political will.
Even if the higher debt we now face was largely caused by the recession, the extra borrowing still has to be financed.
This is extra borrowing to pay the bill for economic failure and a growing dole queue, rather than to help create jobs and support the economy through difficult times.
Who wrote California's law allowing extra borrowing by counties?
This extra borrowing from banks will reduce the overall fall in demand for bank loans, thus making the demand less elastic.
When the extra borrowing is announced, it could well come as a shock to the market.
Taken all together, the measures I will set out today require no extra borrowing and provide no extra savings across the whole Spending Review period.
Or just, not much extra borrowing?