Found it… We discussed it here awhile ago, back when more of the discussions were more useful. Not sure if it’s relevant or not to this topic.

http://piggington.com/powaythe_real_debt_bomb

http://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-1-billion-poway-schools/

It does seem strange that the MR payoff seems so jacked up right now. I’m not suggesting something fishy is going on, it just seems a little odd that the difference now and a few years ago would be that large.