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Sen. Walter Sobchak

(8,692 posts)

11. It's part of a much bigger picture

Reply to question everything (Original post)

Tue Aug 9, 2016, 04:06 PM

Aug 2016

borrowing today is indeed quite affordable, but none of these jurisdictions are really in the position of being a prudent miser taking on affordable debt for a wise investment. They're already cracking under the strain of existing debt and other obligations.

There is also the boondoggle issue.

This thing got funded and built:

I call it "The Crystal Cathedral for Street Preachers"

It shouldn't have been. Stupid infrastructure projects discredit essential ones and stupid ones are in endless supply.

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Highlight:

American Paradox: It�s Never Been Cheaper for Cities and States to Borrow Money...And They Refuse to [View all] question everything Aug 2016 OP

People complain about bad roads, but want somebody else to pay for them. tonyt53 Aug 2016 #1

Most people are strapped up to their asses. happydaze Aug 2016 #2

Most popular excuse... found on bumper-stickers everywhere LanternWaste Aug 2016 #5

Yes, and under former admin, taxing the wealthy at a progressive tax rate also helped a lot. happydaze Aug 2016 #9

You're moving the goalposts from the original premise. LanternWaste Aug 2016 #10

I'm addressing the reality of the situation in America today. happydaze Aug 2016 #13

And can these people who are "strapped up to their asses" question everything Aug 2016 #6

Yes, but lets create a progressive tax structure again... there are billions being stolen from us happydaze Aug 2016 #8

It could help Clinton SCantiGOP Aug 2016 #3

Its beyond stupid. procon Aug 2016 #4

A lot of the spending by local governments in past decades OhioBlue Aug 2016 #7

It's part of a much bigger picture Sen. Walter Sobchak Aug 2016 #11

It wasn't necessarily a stupid project. Initech Aug 2016 #12