Taxpayers Inferior to Shareholders With Obama Bonds (Update1) - Bloomberg.com
State and local governments, forced to close budget gaps by firing workers and shutting schools, may pay at least $4.2 billion more in interest than companies with similar credit ratings on Barack Obamaís Build America Bonds.
The $17.4 billion of Build America Bonds sold since April pay an average yield thatís 0.96 percentage point more than corporate securities with the same ratings, according to data compiled by Bloomberg and based on the 25 largest deals.
The Build America Bonds program was part of Dear Leader's $787 Billion porkulus bill.
Dear Leader's "help" is costing states and cities money. How much more "help" like this can the country afford?