Tuesday, November 04, 2008

referendum question

I've lost the source for this article.. sorry..mb

Voters will be asked on Nov. 4 to authorize $400 million in new state borrowing to upgrade sewer and water systems. The money would be administered by PennVest, the Pennsylvania Infrastructure Investment Authority. Half will be doled out as grants. The other half will be disbursed as low-interest loans.

Who could oppose such a thing? We could and do and so should you.

The language of the referendum is too vague. And its proceeds are ripe for political machinations. The money is tied to no specific project. What's to prevent Gov. Ed Rendell or legislative friends of the nearly half-billion dollars in new borrowing to direct this money to pet "economic development" projects in, say, the Poconos?

So, we're "against" infrastructure help, right? Wrong. It's just that there are better ways to finance these vital upgrades without yet again diving into the taxpayers' pockets so deep that the soles of their feet are cut.

Government-types are delusional if they don't think there's $400 million in state budget waste. And what about all that glorious be-all and end-all money from slots machines?

Now is not the time for more debt, especially in this climate and with this loosey-goosey crowd in Harrisburg. Vote NO on the $400 million bond referendum.



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