A war bond is essentially a short term loan from various individuals, rather than a loan from another faction.
Pros:
War bonds can be reinbursed over time slowly, rather than having to pay a huge debt at once.
Bonds will not get us in trouble with other factions.
Bonds usually have a low interest rate.
Cons:
War Bond management can get VERY messy and be a pain to deal with.
We need to be there to reinburse ALL bonds. (I suggest Planet Denver to be our Bond office. Nussebull and I will select a bondsman.)
We can ONLY use them when we still have a steady influx of credits. (I think we need to assign a escort to expander)