We're caught up in a vicious cycle of debt. We borrow money to build a giant road project. That project attracts new development, which brings more traffic. Eventually the road needs to be expanded; the initial debt has not been paid off, so a new, larger loan is taken out to fund the new project and pay off the old one. The money is borrowed against the promise of further development to bring in new tax revenue. And so it continues.
-Elly Blue
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