Smile Politely

Another great Xmas gift idea: Build Illinois Bonds

The state sold $375 million worth of them yesterday, one week after Moody’s, Fitch, and Standard and Poor’s sliced and diced the credit ratings of Illinois’s other bond issues.

A lower credit rating equals higher interest rate on the state’s bonds, including the new Build Illinois Bonds.  They’re “backed by a first-priority pledge of state sales tax revenue.”  Give them to your loved ones!

Bloomberg story here:

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