[kingu]

Oh gosh, why do people do stupid things like this? We do not need the federal government riding in to save us; local voting taxpayers are the ones who need to reign in their city councils on issuing such bonds.

Having the federal government lean even further into the role of protector is not a solution, it is a problem. If someone wants to make all profits from muni-bonds taxable, that's a choice. But picking winners and losers is beyond bad governance.

[ptsal]

Politicians just go ga-ga when a special box seat is available.....