Oct 13, 2010 | Posted by: roboblogger
Growing debt for towns gets little scrutiny State watchdog gives pass to 'buy now, pay later' deals
A New Jersey commission charged with overseeing municipal finances approved more than $7 billion in "buy now, pay later" financing for local governments in recent years, setting up taxpayers to cover increasing costs for borrowed money.
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Since: Dec 06
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Isnt any form of credit "buy now, pay later"?
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http://cafr1.com/ Please read, there is plenty of money for government cronies and their watchdog fronts.
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http://www.uhuh.com/taxstuff/gracecom.htm
And here is a blast from the past on federal reserve economics |
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