Thursday, January 20, 2011

DEM GOV A TAX AND BORROW GUY

BONDS: PLAN B TO INCREASE STATE DEBT
The Decatur Herald-Review reports that the Gov is off to New York to see if his latest tax increases can't get a better rating for Illinois bonds, together with lower bonding interest rates.

Of course, neither the politicians nor the lame stream press ever announce what the effective annual rate of interst on any government bonds will be. Nor do either of them announce what the total interest will be over the life of the bonds.


COMMENT:
If you care to check out the rates and total interest on government bonds, email me as shown in the right column

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