Poll: Time to Buy Muni Bonds?

The budget crisis that so many states are facing has investors wondering about the fate and future of municipal bonds issued by state and local governments.

While these bonds offer stable income and tax benefits, critics warn that some bonds could end up in default if cities are forced into bankruptcy or states reach fiscal armageddon (under the law, states cannot go bankrupt but can be declared insolvent by the federal government.)

So what's an investor to do? Some experts see this as an opportunity, but skeptics says it's a new financial crisis in the making and that muni bonds should be avoided.

We want to know you what you think. Is this a good time to buy? Take our poll and share your opinion. We'll report the latest results on CNBC Monday, February 14, during our special "Muni Maze" coverage.