Then it was that the massive stimulus efforts and resulting additional debt load would drag the economy lower rather than result in recovery.

FORBES: Gloom-And-Doomers Have A Lousy Track Record

"The city's debt load has increased substantially over the past decade resulting from an aggressive infrastructure and economic development expansion plan, " the ratings firm said.

WSJ: Kansas City Complex Becomes a Budget Hole

With the resulting near-collapse of financial systems, the banks passed the debt load on to the balance sheets of governments as part of government rescue efforts.

FORBES: From Great Recovery To Great Austerity

The coalition has, quite consciously, set out to front load its programme of legislation so that the voters will notice the resulting changes well before the next election.

BBC: The year ahead in Parliament

With the resulting near-collapse of financial systems globally, the banks passed the debt load on to the balance sheets of governments as part of the government rescue efforts.

FORBES: Markets Pass Through Eye Of The Storm