I saw this one this morning on
Fark.
It's like they did us when they said they were collecting taxes to keep the roads repaired and never spent the money for roads.
http://www.propublica.org/article/ho...-in-toxic-debt
.... “It’s going to cost taxpayers, either directly or indirectly,” said Craig Johnson, an associate professor of public finance at Indiana University in Bloomington who has studied tobacco bonds and CABs. “I don’t doubt that at all.”
ProPublica’s analysis is the first to measure the magnitude of the high-risk debt involved in the tobacco deals and to calculate how much Wall Street’s dealmakers earned. It also shows how much of the tobacco money has been securitized — that is, turned into payments that go to investors. As of this year, at least one out of every three dollars coming in under the settlement is pledged to investors, according to bond disclosures and payment data from the National Association of Attorneys General, which tracks the flow of funds....
Rand Paul, Johnson may as well be a democrat
Thread Starter: helenpaulhttps://www.msn.com/en-us/news/politics/rand-paul-puts-mike-johnson-on-blast-lost-all-his-principles/ar-BB1lBQfS?ocid=winp2fptaskbarhover&cvid=513505a4cd2c4d1ea8f0bab681686870&ei=26 "As I see it now, I'm not so sure there's a difference between Mike Johnson being in charge and Democrats being in charge," he said. "The debt, the deficit this year will be $1.5-2 trillion, and that's Mike...
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