We could follow in Brazil's footsteps and default on some of our debts. Here are some reasons that this makes sense:
Heck, everyone's doing it! Interest rates are so low, even if we have to pay 1 point more on the remaining debt, we still come out way ahead. I would rather pay 6% on 1/2 billion than 5% on 1.5 billion. If we are insulted by the bondholders - so what! They're rich, they can take the hit. Sticks and stones may break our bones, but names will never hurt us. It might be easier to get credit - because we'll actually be able to pay our bills. Credit card companies routinely offer newly bankrupted people fresh credit. It would be cruel to force Minneapolis residents to pay for the gross misdeeds of a few. We would be entertained for years watching the lawsuits proceed. Vicky Heller North Oaks and Cedar-Riverside _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
