One response to “Skepticism About Public-Private Partnerships on Roads”
Yeah, when I first read about Indiana Gov. Mitch Daniels, I thought that basically what he had done was go to the equivalent of a payday lender, borrowed a bunch of money, and was going to spend it throwing a big party so that he would be re-elected…
What struck me as weird about it though, if he’d just gone to a regular old bank and borrowed money against the future toll revenue, he would have gotten far better rates than that project, and while it is possible that he doesn’t know that, (there is no intelligence test to be elected, I mean look at our President,) the fact that he didn’t do that makes this look really really fishy.
One response to “Skepticism About Public-Private Partnerships on Roads”
Yeah, when I first read about Indiana Gov. Mitch Daniels, I thought that basically what he had done was go to the equivalent of a payday lender, borrowed a bunch of money, and was going to spend it throwing a big party so that he would be re-elected…
What struck me as weird about it though, if he’d just gone to a regular old bank and borrowed money against the future toll revenue, he would have gotten far better rates than that project, and while it is possible that he doesn’t know that, (there is no intelligence test to be elected, I mean look at our President,) the fact that he didn’t do that makes this look really really fishy.