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I agree. Passing costs on to future generations is common place in other cities. This practice would surely cause elected officials to think twice before buil
by sburgess 17y ago
I agree. Passing costs on to future generations is common place in other cities. This practice would surely cause elected officials to think twice before building.
- rfghjhbg 17y agoOr it results in the run-down no-investment nationalized industries of europe in the 70s. Look at airports that are owned by the municipality, they have no construction, no investment - because that would look like a deficit. Then look at commercial airports that can borrow money. Or compare AMTRAK to a commercial airline. Not building new water treatment plants, or new transport links or new hospitals but just spending money patching up the old ones = fiscally responsible zero deficit? Now imagine a corporation whose plans were to spend no money on sales, expansion, R+D etc what would it's share price do?
- hnal943 17y agoImagine a company that generates no revenue and yet spends money improving its infrastructure. What would its stock price look like? I don't believe that government services are lower quality than private services because of a lack of spending.