i saw mine has increased 100% in the past 2 years and it grossed me out because i know this shit has consequences. but what else do i do? my work matches a small percentage, so turning down free money feels absurd, and maybe not being obtusely poor when i retire(lololol) would be nice.
Thank you for taking the time to explain this, seeing it as cities borrowing at a favorable rate puts it into perspective for me. I had not thought of it from the angle of coaxing the burghers to put their hoarded lucre to productive use. Your sharing your knowledge will genuinely make me less of a curmudgeon next time a bond measure comes up.
That’s a good anecdote, jeez I love being a state government and big brain financial engineering myself into paying credit card APR.