If you are the borrower it's great: You don't need to invest any of your own money, you get below market interest rates, you have no personal liability for repayment, and if you default on the loans - you get MORE money!
In the olden days, the City would incur debt only for the "public good" - libraries, schools, roads, infrastructure, parks, etc. Perhaps it's time for a good old fashioned debate - What qualifies as a public good? Just curious, Vicky Heller St. Paul _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
