Cobb County, Georgia, is a town of about 2,000 people.
That’s where the government’s bailout program for its city of Cobb has just begun.
The Cobb County Government Loan Program (COGN) is an extension of a state program that has helped the city of Atlanta get itself out of a massive debt.
For more than a decade, the program has paid off about $50 billion in debt, but it’s not easy for taxpayers to get out of their obligations.
This week, the county government began making payments to bondholders, and now it’s looking to raise money to pay back its debts.
The program is set to run out at the end of the year, but that doesn’t mean the county’s financial future is rosy.
That depends on how much bondholders agree to bail out.
If they don’t, the bonds will be immediately cancelled.
The county is in an odd position: it can’t pay off the debt as part of the COGN program, but there’s a separate program that allows it to borrow money.
And it has to pay bondholders before it can get its debt forgiven.
What’s the difference?
To understand how it works, let’s start by looking at how a loan works.
The COGN is an alternative to traditional government programs, such as Social Security or unemployment benefits.
It is the most generous way for states to deal with debt in the long term.
By using taxpayer dollars to cover the costs of future government debt, a state can borrow money that would otherwise be tied up in old debts.
These types of programs have been a key part of U.S. government spending since the late 1970s.
But they’re now in danger of losing the support they once enjoyed as a way to manage debt.
In the mid-2000s, the federal government and private insurers started offering private health insurance through COGNs.
The idea was that if private insurers and states couldn’t afford to pay for health insurance for millions of Americans, they could use COGN to help cover the cost.
The federal government has since stopped paying off the COGBs and instead has been using the money to help states with their own health insurance and Medicaid programs.
But the program was still meant to help small businesses and small businesses in states that didn’t have the private health care industry to support.
But in 2016, the Obama administration shut down the program.
Now, the programs are largely run by states, with states picking up the tab for the COGGs and COGN loans.
Under the COGA, the counties have the option of choosing to repay bondholders or not.
But when the program runs out, the bondholders will be responsible for paying bondholders.
In short, the COGC program is like a loan to cover future government spending.
That means it’s more expensive for the county, which is not the only entity to pay the bondholder.
That extra cost adds up.
According to a report from the Center on Budget and Policy Priorities, the median county in Georgia spent $1,819 per year on COGN in 2017.
That makes it the second-highest-cost county in the country.
And because the counties are responsible for the entire COGN debt, they would be on the hook for about $6 billion more in future government loans.
In 2017, the state had $7.5 billion in bond payments.
That included $2.4 billion for bondholders and $1.5 for the state’s share of COGN’s cost.
What this means for Cobb County is that it has $7 billion of debt.
That could put a dent in Cobb County’s ability to make payments.
In a county with a population of about 4,000, it could mean that bondholders won’t be able to cover some of the bonds that county needs to pay.
That would be a big blow to the economy, said Tim Durbin, the chairman of the Georgia Budget and Finance Committee.
But it also could be a chance for Cobb to get its debts forgiven, he said.
The bondholders have to be comfortable paying the money, he added.
But that’s not necessarily what they’re going to do.
For the county to avoid default, it needs bondholders to pay at least $2,500 per month, Durbins said.
That sounds like a lot, but not as much as the county has to do to avoid bankruptcy.
The cost to pay is more than what it would cost to sell off its businesses.
The government is already paying off about 75% of the bond debt.
It could make more payments.
And there are no other creditors in the county.
That will make bondholders pay more to the county if they want to pay more.
That can lead to even bigger problems.
For instance, the cost of selling businesses could increase as the bond payments go up.
But if the county had to raise more money to