The Government's New 'Fast Forward' Bonds Are Going To Cost America A Bundle

The following is a wonkish discussion of one aspect of the White House budget. The President's budget will never see the light of day, but I think it is instructive to look at this component of the plan, and expose it for what it is - A fraud. One element of the White House budget is a new form of financing for States and Municipalities. The White House has dubbed this new debt as America Fast Forward Bonds (AFF). This financing tool is very similar to the Build America Bonds (BABs) that were cr...