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cab83_750 cab83_750 is offline
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Join Date: Oct 2000
Location: agoura hills, ca 91301
Posts: 2,634
Don't worry, be happy.......... so the song goes.


Billions, trillions, what-have-ya, who cares, right? Is this why "America is for Sale"? Maybe, NASA will be "for sale" soon.




A portion of the article:

American roads are the hottest commodity in the international marketplace. State and local governments are falling all over themselves to sell off highways, bridges, and all sorts of other revenue-producing infrastructure, to international financiers who are eager to snap up structures Americans have already paid for, and for which they continue to pay maintenance costs through endless taxes.


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The Chicago Skyway, for example, brought $1.83 billion from a Spanish-Australian partnership. The 157-mile Indiana tollway, brought $3.85 billion from the same partnership. And the state of Texas has recently concluded a deal to sell a Trans-Texas Corridor for $7.2 billion to the same Spanish company who partnered with a Texas construction company.

What’s going on here? Why are government officials so eager to sell off our infrastructure? Because it’s a win-win deal for everyone - except the people who pay taxes and use the highways. Governments get a pot full of cash up front, and the “public-private” partnerships get a long term cash-cow. The taxpayers and highway users get ______, well, you fill in the blank.

Old 07-31-2008, 07:02 PM
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