It’s a pretty sweet little con game they got going. The city won’t raise taxes on the citizens because the citizens would throw them out of office. So, the city offers some bonds for sale. Some Slickyboy financial types rush in to buy the bonds with other people’s money. The slickyboys get paid and the politicians get paid and the city keeps throwing money around. Eventually, the city has to pay off the bonds, so they declare bankruptcy. The people who gave their money to the Slickyboy money managers then start crying to the politicians, who were in on the con from the start, and the politicians pay them off with tax money from people who live a thousand miles from any of the city’s services. The people perpetrating this hoax live the good life while the guy in Idaho wonders why the government needs so much of his hard-earned pay.