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We owe more than we own

Robert Wasserstrom  |  August 22, 2019

“… Want to clean up our state parks? OK, let’s sell revenue bonds and stick our grandchildren with the bill. And hope they won’t need better schools or some other unforeseen’ but completely foreseeable public service. Many Third World kleptocrats use a similar strategy to enrich themselves at everybody else’s expense. … Maine doesn’t have oil or diamonds, but it has another valuable resource that bondholders love: taxpayers. …”

Read the full article on: Knox VillageSoup (Maine)

 
 
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