Gov't owned Ron Johnson facility, say experts

Like they do in Communist China

See, e.g.,

"The city technically owns title to the facility built with IRBs and leases it to the company for up to 20 years."

— City of Albuquerque (NM)

"The political subdivision issuing the IRB retains ownership of the bond-financed facility and leases it back to the company at a rate sufficient to pay the principal and interest on the bonds as they mature."

— Baldwin County (AL) Economic Development Alliance

"The property tax exemption results from legal title to the project property being held, while the bonds are outstanding, by the municipal or county issuer."

— Rodey Law Firm

"We conservatives, we simply want to be left alone."

— Ron Johnson, 04/15/10