So Walker had the money in the Constitutional Budget Reserve to pay the tax credits this year.  But instead he vetoed the payment and now wants someone else to pay the bill.  And then he hopes to pay back that someone the amount owed ... PLUS INTEREST.  If at the end of the year this deal started, then the state would owe a principal of $700,000,000 plus interest.   If the interest rate was 5%, then the state would owe the bond holder an additional $35 million a year, every year.

The good thing about this is that is shows the ballpark cost of Walker being an idiot and vetoing the payment of tax credits.  His stupidity will may likely cost the state $35 million a year, for the length of the bond issue.  If the bond is 10 years, we're talking about a bad decision by Walker that costs Alaska around $350 million.  Walker is a very expensive fool.