The Mudcat Café TM
Thread #146933   Message #3425507
Posted By: Stringsinger
24-Oct-12 - 03:09 PM
Thread Name: BS: Trouble in Democratopia
Subject: RE: BS: Trouble in Democratopia
"Capital appreciation bonds have become increasingly popular across the state, since they allow school districts to borrow money now without raising taxes on current residents. Instead, the burden for paying for the bonds is pushed to future generations, who are left on the hook for loans that are wildly more expensive than conventional bonds"

This is a form of a leveraged buyout of which Romoney is notorious.