From Austerity to Prosperity: Why I’m Running for California State Treasurer in 2014

What could California do with $155 billion in interest-free credit? One possibility would be to refinance its ominous “wall of debt” at 0%. A debt that is interest-free can be rolled over indefinitely without cost to the taxpayers.
Another possibility would be to fund public projects interest-free. Eliminating interest has been shown to reduce the cost of public projects by 35% or more.
The post From Austerity to Prosperity: Why I’m Running for California State Treasurer in 2014 appeared first on BSNEWS.

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