Read this if you live in a leftist city....

Let me hold forth here on something most people don’t care, OR know about……and this is from a laymans’ perspective…..I have no schooling in economics…..which puts me on a par with the NYTs’ resident economist, Paul Krugman, who has never been right about shit.

My FB friend, Chris Leko Stang posted an article about Minnesota’s governors plan on issuing billions in bonds.  Yes, he is a liberal and yes, MN is rapidly becoming a liberal shithole, like all other liberal led states and cities.  I hate it too…..MN is a lovely state, sort of like Illinois……our leaders are merely retards.

So, here is the deal.  A bond issue is a tax…..the citizens of that issuing municipality ARE going to pay that money back, they are just going to do it later.  Now, a bond issue in a liberal municipality is a CERTAIN tax on WORKING citizens (of which liberal municipalities have less and less due to oppressive taxes, again, Illinois is a great example).   And the reason that the citizens are going to pay, if not be bled white, is that NO LIBERAL MUNICIPALITY GAINS IN VALUE.  Under liberals the economy of NYC, STL, Detroit, Houston, the entre state of CA…..and now, MN, ALWAYS gets worse, which does not provide the growth needed to service the bond, which then triggers a tax increase to pay for the bond.

It is the liberal standard of over promise (say….a 10% growth in the economy) and under deliver (say…..0% growth).  The left does this at every single level of government, and have been doing it for decades.  Where liberals govern…..the citizenry fails……and it happens every single time.

Would you buy a Chicago issued bond?  Saint Louis (which is emptying out almost as fast as the entire state of Illinois)?  New York City, knowing De Blasio is a lying idiot?  Not if you are smart.  Let me put it this way….in Kansas City, KS, there is ONE county and municipality that carries the entire city……they have high incomes, pay high taxes, BUT has great schools, medical facilities, valid property values (unlike where I live, where your property is valued on how much the city needs to provide a metro system that is almost not used).  But are you going to buy a bond there, knowing that your ‘burb carries an entire metro city…..and that, as the city empties out, you are carrying the bag?  Again, not if you are smart.

When a democrat, ANY democrat, disguised as a socialist, or a progressive, or a communist (and they all are), bring up a bond issue, be sure that you, me, we, are about to be screwed.  Bond issues, on the surface, make perfect, economic sense.  However….a bond issue under liberal leadership is simply…..

…..a tax.