Wednesday, May 19, 2010

Big, Bad Government Saving Hartland $12.9 Million

The big, bad federal government led by President Barack Obama has struck again in Livingston County.

The latest victims are the taxpayers in the Hartland Consolidated School District. The dreaded 2009 federal recovery act is going to save taxpayers of that district $12.9 million in interest costs on a recent bond issue by allowing the district to borrow the money at tax-exempt rates.

According to the Livingston Press and Argus, the interest rate on the bonds will drop from 4.53 percent to 2.61 percent, thus saving taxpayers millions of dollars in interest.

I expect a Tea Party protest any day. How dare the federal government help a local school district save money on interest. Positively un-American.


Jordan G said...

I wonder if the teabaggers realize this is the stimulus package that they criticize so often?

Not President Bush's bailout, TARP, but President Obama's stimulus package, the American Recovery & Reinvestment Act of 2009.

Communications guru said...

Somebody should alert Wendy Day.