Recently the banks have suggested that there's no better time than now to borrow some more stimulus money because many of the world's economies are starting to slow. After all, interest rates are at bargain-basement rates and it'll hardly cost a thing, almost free.
And they're right, there is no cost now. The cost will be borne by future generations, and when interest rates rise, public services will be further compromised.
But like they say in the real estate business, "It's always a good time to buy."
Bob Broughton
Victoria
