BORROWING A HALF BILLION TO BALANCE A BUDGET
“When borrowing goes bad”, Ellis Henican Column, Newsday, December 11, 2011 What’s another half-billion among friends? With Nassau County proposing to borrow a fresh $450 million to pay for certain expenses, perhaps it’s time for a brief budget-theory review. Wait. Stick with me here. I know budgets can be boring. And budgetary theory sounds even…
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