In the long run, Ireland faces two apparently unrelated challenges. First, our infrastructural deficit will grow due to repeated government cutbacks. Secondly, as our population ages, our society will struggle to pay for pensions of a greyer society.
The two problems of pensions provision, and infrastructural investment, are intertwined.
They can both be alleviated using municipal bonds.
In essence, individuals buy bonds issued by the government or even a local authority, which the government will honour in, say,45 years or longer, when the individual retires. The government uses the flow of funds from the bonds to build roads, bridges and levies today.
read the rest here: Municipal bonds could be the solution to many problems | The Post.