Word: costes
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...only question about BABs is the cost. So far local governments have issued just over $50 billion in BABs with an average yield of just under 6%. That means the federal government is paying just over 2% interest on that debt a year, or about $1 billion. Many estimate that the volume of BABs could triple over the next year. What's more, most of these bonds are issued with a term of 15 or 30 years. That means by the end of 2010 the federal government could end up being on the hook for as much as $90 billion...
...likely however the program won't cost nearly that much. First of all, some of the people buying BABs are individuals, who will owe taxes, though not all of them are in the highest tax bracket. What's more, BABs are bringing down the yields of all muni bonds, not just BABs. That is lowering the borrowing costs of local governments in general. That lower expense should save taxpayers money when it comes to paying their state and local taxes, even if it increases the money being shelled out by the federal government...
...housing turmoil and the weak dollar have weighed heavily on small business as demand for building contractors, which are often smaller businesses, dried up in the housing bust, and the cost of importing raw materials like copper for contracting work has risen due to the weak U.S. dollar. Large companies with overseas operations have an easier time hedging against those risks...
...tremendous cost of this war will also be paid in larger taxes, slowed-down growth, and the inability to pay for jobs and education because we are spending the money on a bad bet in Afghanistan,” he said...
...pretend to be eligible to vote if everyone’s automatically registered. This is one area among many in which the U.S. lags behind other advanced democracies. Of course, Republicans dread the possibility that we might catch up; an influx of young, poor, and minority voters would cost them many an election...