Those college bonds | Arkansas Blog

Friday, September 29, 2006

Those college bonds

Posted By on Fri, Sep 29, 2006 at 9:09 AM

An editorial by Ernie Dumas in the Leader suggests Mike Beebe has stepped in it with his idea of using the state surplus to pay off bond debt. 1) It doesn't the release the state from obligation of paying interest to bond holders; 2) if it's such a good idea, why does he support issuing another quarter-of-a-billion more college bonds. Why not just build those projects with the surplus, interest free?

Mike!?

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