Slap:

Why public debt is good?

Last night, I was at a Board of Education meeting, and the subject was public debt.

Montgomery County Maryland figured out that they could make big strides on their school construction backlog by borrowing more money to get cheap contracts now (30% below three years ago, with all energy factors included).

Assuming the project basket was wisely selected (not too much of the required pork), the taxpayers, and jobs should do well.

Who but government could do this?

Steve