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It sounds suspiciously like a PPI arrangment where the unwillingness to raise taxes in the short term is passed by a sleight of hand a couple of decades into the future.

Something needs to be done, but I think it would be more honest to get a better funding practice now

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon May 7th, 2012 at 08:26:26 AM EST
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But would it be more effective?

When part of the platform for the opposition to getting the tax increase are opponents willing to just lie about the prospects for the success of a project, then for projects that are justifiable on a full economic benefits and cost basis, kicking the can down the road on the cost of an investment that will yield economic dividends is sometimes justified.

Of course, a big issue there is whether the transport infrastructure is a decreasing average cost or increasing average cost investment, since kicking the can down the road for an increasing average cost investment is the path into a quagmire. That's more the the New Jersey scenario with its highway spending on borrowed money so that it can borrow more money down the track for necessary maintenance.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon May 7th, 2012 at 02:27:59 PM EST
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