Why Must We Borrow Money?
WWL TV reported tonight that the Twin Spans connecting Orleans and St. Tammany Parishes will be replaced beginning in July at a cost of $629 million with financing coming from emergency federal funds. The project will be completed within three years.
Meanwhile, in one of the best public relations snow jobs I have seen, La. 1 Collision (misspelled by design) celebrated, as if we actually got something, the securing of the $66 million loan from TIFIA, or the federal Transportation Infrastructure Finance and Innovation Act, to begin the Golden Meadow to Fourchon project. The loan will be repaid through the extraction of tolls from those poor people in Grand Isle and workers at Fourchon, who will have no alternative to get home or to work. (See Charlotte, Ted has mastered making BS appear to be diamonds.)
It might just be me, but the times I've been approved for a loan, I have not felt like throwing a party. If I earn a wad of cash I don't have to pay back, that calls for a celebration.
Now, how much public money was invested in La. 1 Collision for them to get us a loan? Who got the money for the Twin Spans? Maybe we should invest in them instead.
WWL TV reported tonight that the Twin Spans connecting Orleans and St. Tammany Parishes will be replaced beginning in July at a cost of $629 million with financing coming from emergency federal funds. The project will be completed within three years.
Meanwhile, in one of the best public relations snow jobs I have seen, La. 1 Collision (misspelled by design) celebrated, as if we actually got something, the securing of the $66 million loan from TIFIA, or the federal Transportation Infrastructure Finance and Innovation Act, to begin the Golden Meadow to Fourchon project. The loan will be repaid through the extraction of tolls from those poor people in Grand Isle and workers at Fourchon, who will have no alternative to get home or to work. (See Charlotte, Ted has mastered making BS appear to be diamonds.)
It might just be me, but the times I've been approved for a loan, I have not felt like throwing a party. If I earn a wad of cash I don't have to pay back, that calls for a celebration.
Now, how much public money was invested in La. 1 Collision for them to get us a loan? Who got the money for the Twin Spans? Maybe we should invest in them instead.
posted by Carl A. Chauvin at 6:33 PM
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