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    Vic - there is no problem about borrowing at low rates for sound commercial and business reasons sums that are servicable. All successful businesses do just that and I have done so myself. Business are built that way.

    Borrowing for current account spending (deficits) is wrong, borrowing more than you can afford to repay is wrong, borrowing for risky speculation is wrong. None of these apply to the People's Port. Such PPT bonds would be low risk investment grade, to use the jargon.

    You are simply wrong on all points.

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