How About When Politicians Borrow They Guarantee the Debt?

I’m kind of proud of myself. I don’t want to bore y’all with another article on fiscal mismanagement in Richmond, Virginia, but I’ve had a mini-brainstorm. I am sure your city, like mine has a council of ignoramuses who always fall for the latest pie in the sky idea for the taxpayers to fund what should be solely private initiatives. As stated in my ARTICLE last week, Richmond wants to put taxpayers on the hook for  $170 million in bond funding (requiring a $280 million payout) for a Double A Minor league baseball stadium. None of the lemmings in the City administration or on City Council have ever built anything. None know anything about finance, loan covenants, large operating concerns, etc.