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municipal debt can pencil out positively, so debt by itself isn't necessarily bad. critique the debt in light of the financial case behind it, not in isolation
by clairity 6y ago
municipal debt can pencil out positively, so debt by itself isn't necessarily bad.
critique the debt in light of the financial case behind it, not in isolation. good bills/measures should absolutely be backed with debt if they are at least revenue-neutral and provide broad and outsized positive social dividends. anything that's revenue-negative should be funded by taxes, or not funded at all.