HB 2387 creates new state debt, $45 million dollars in bonds, for the Office of Juvenile affairs.
Many millions of dollars will be paid out in bond sale fees and high interest rates, mainly to people that borrowed long term at a few percent interest and turn around and quadruple that in a safe investment to the state.
You and I won't be offered these bonds as investments, only the most connected. Past that, we as a people could afford to pay as we go if we had fiscal responsibility and save two third the long term cost of this project.
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| Here is a bill that was chosen for scoring the RINO Index, & why this bill is bad for the average Oklahoman. |
HB 2389 creates new state debt, $58.5 million dollars in bonds for a new Oklahoma State Department of Health building.
Many millions of dollars will be paid out in bond sale fees and high interest rates, mainly to people that borrowed long term at a few percent interest and turn around and quadruple that in a safe investment to the state. You and I won't be offered these bonds as investments, only the most connected. Like the OJA bonds we taxpayers will pay three times for this project over the life of the bonds. If we need a building, chop that much off welfare or free health care to able bodied people.
