Should Lakewood Issue Build America Bonds?

[Bill Call]

A little known provision in the stimulus package allows cities and states to issue taxable bonds for public improvements. 35% of the interest cost of these bonds would be paid for by the federal government.

http://www.irs.gov/newsroom/article/0,, ... 37,00.html

Some communities are already taking advantage of this program:

http://amlawdaily.typepad.com/amlawdail ... bonds.html

Could this program be used for school construction?

The federal government is printing money at a furious pace. We should get ours before its all gone.