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That has happened in Britain. it was how Gordon Brown claimed a balanced budget while running up what would be classified as off balance sheet debt if anyone ot
by graemep 1y ago
That has happened in Britain. it was how Gordon Brown claimed a balanced budget while running up what would be classified as off balance sheet debt if anyone other than the government did it. A lot of things like hospitals were financed this way.
I would say the motive here was mostly to avoid increasing the government debt numbers. it would not work if the government did not exempt itself form the rules applied to everyone else.