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In the US, even state and local governments American corporations are permitted to sell provides. Unlike federal bonds, these bonds have a higher rate of interest and understand this is the fact these governments can go bankrupt. However, a federal government cannot go under. Bonds sold by state and local governments are free from taxes.
Late capitalism has turned US into hypnotized zombies. Not only is there a chicken in practically any pot or a car in virtually every garage, have to a cellphone in every pocket, check here schooling in every Suzie's and Junior's bedroom, and a t.v. in each living room (and bedroom and as well as the kitchen.).
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