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Being a commie with a 401k is a real conundrum
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this post was submitted on 31 Jan 2026
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Thank you for taking the time to explain this, seeing it as cities borrowing at a favorable rate puts it into perspective for me. I had not thought of it from the angle of coaxing the burghers to put their hoarded lucre to productive use. Your sharing your knowledge will genuinely make me less of a curmudgeon next time a bond measure comes up.
That's a good anecdote, jeez I love being a state government and big brain financial engineering myself into paying credit card APR.