Home
»
Trains Magazine
»
Forums
»
General Discussion
»
NY - NJ Hudson River Tunnel Bites the Dust

Edit post

Edit your reply below.

Post Body
Enter your post below.
 <o:p></o:p> What is really precious is the bandwagon of public spending advocates asking us to believe their low estimates of cost overrun.  There would not be cost overruns if their estimates were reliable in the first place.  <o:p></o:p> With the level of credit a big, prosperous nation has, it is easy to spend money like the credit has no limit.  But despite how much many of us want things, there is a certain reality about spending money.  And the U.S. is in the midst of conducting a practical experiment to measure its financial credit by spending money until it runs out.  At least then we will finally have the concrete knowledge of exactly how much credit we have (or had).  <o:p></o:p> Train boosters are quick to declare that reducing spending is a political ploy without recognizing that spending public money is also a political ploy.   <o:p></o:p> When Christie says that NJ can’t afford it, what exactly is the proper response to that claim?  <o:p></o:p> Here is some interesting information including the revelation that, through a federal loan program, NJ could have put off repayment of the $8.7 billion plus overruns until 2016.  So if Christie were really a political opportunist, he could have postponed the problem for the next governor:  <o:p></o:p> <a href="http://www.dailyrecord.com/article/20101031/OPINION01/101029034/-1/LIFEFRONT/So+much+for+the+tunnel++Christie+s+refreshing+approach">http://www.dailyrecord.com/article/20101031/OPINION01/101029034/-1/LIFEFRONT/So+much+for+the+tunnel++Christie+s+refreshing+approach</a>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag