mad cap????
Just to let you know that governments all over the world issue bonds every day.
It is not "mad cap".
It is simply long-term borrowing to fund capital expenditures.
Post Office savings are another type of government borrowing.
Most bonds are not ear-marked for any particular purpose. All Dempsey is suggesting is a bond to finance purely education capital spending.
He is also suggesting that people be encouraged to invest their SSIA proceeds in this bond.
No big deal, just another form of govt borrowing.