Remember lessons recession delivered
Though the recession’s effects are ebbing, Roanoke City Council should exercise much caution before yielding to pent-up demand for spending.
The bulls are running on Wall Street. Investors are keen on Roanoke bonds. And city tax revenue streams are rising. All are signs that Roanoke finally can pay its last respects to the Great Recession, though city council should not bury the memories of hard times brought by its unwelcome visit to the city.
March 7, 2013 - 7:59 AM
“The boom, not the slump, is the right time for austerity at the Treasury.” ~ John Maynard Keynes in 1937.
–
The City needs to think long ball, IMO.
If the city has learned to live without borrowing, why would they want to go back to its old ways?
I see things like this and they remind me of lame-brained ideas like the sign that is (was?) on northbound I-81 that reads something like “Leaving Highway Safety Corridor … fine print… fine print… where fines were doubled.”
Shouldn’t one always be safe when piloting a 4000 lb missile?
Just sayin’