But for companies that do not have that kind of capital on hand, they will likely issue longer maturing debt, which is bad for corporate bond holders that are invested in shorter duration debt as demand will go towards the longer dated bonds yielding more interest.

FORBES: U.S. Will Avoid 'Fiscal Cliff', But Conviction Remains Weak

There is a sensible way to level the playing field between debt and equity, and it doesn't have to involve hair-splitting over the corporate treasurer's motives for floating a bond issue.

FORBES: Magazine Article