Tuesday, April 24, 2012

False Profits

City council will vote to pass the "Infrastructure Trust" while demonstrating their skill at presenting false choices to taxpayers. Their argument is "we must pass this now" because the State and Feds won't give us money they don't have.

Adroitly, the supporters sidestep the possibility that if they vote it down the Mayor will be forced to revise the proposal.

They also sidestep the issue of the "private investors". These wouldn't happen to be the same investors that led folks down the garden path about collateralized debt obligations would they?

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