States need coronavirus relief for pensions and health care

Liz Farmer  |  March 26, 2020

Op-ed by Liz Farmer, includes “… Pension obligation bonds, when governments issue debt and put the proceeds into pension systems, are generally frowned upon as a gamble by public finance experts. … But this is a moment when they may be worth it. Stocks are cheap now, and so are borrowing costs. The federal government can sweeten the deal even more by making these bonds tax-exempt for qualifying governments, which would lower borrowing costs even more. …”

Read the full article on: Bloomberg

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