3 ms·
You abandon it. Detroit did this for example. Also easy expansion is more a function of interest rates than anything. Municipal bonds buy everything and there’
by nemo44x 4y ago
You abandon it. Detroit did this for example.
Also easy expansion is more a function of interest rates than anything. Municipal bonds buy everything and there’s been very little interest on them. This means fewer taxes to buy things. And new bonds can be sold down the road as the town increases tax base and interest rates fall.