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Name:
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Barneget
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Subject:
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Cantor is a traitor?????
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Date:
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8/24/2010 8:10:04 PM
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Could todays unnecessary bridge to nowhere be a visionary, futuristic investment? Of course it can! Just like a bridge in the poor area, with limited industry, jobs, skills base. Putting up the interchange may, or may not, produce the desired results in the specified time. The locals have a 5% risk, state 10%, taxpayers all across the country pickup the balance of the tab. IMHO, interchange construction is pork, outside the scope of our Constitution. It is not a Federal issue. It belongs to the local and state governments. My business benefits from the construction of a $66 million 5 lane interchange, built on a road to nowhere. The traffic control system cost nearly $4 mil. So, the city has the interchange for less than the cost of the traffic signals. Federal taxpayers meantime are on the hook for more than $55 mil. Total sales tax generated around the interchange, at 09 rates, would meet the project cost in just under 24 years. Income tax? $66000000/(HC * $10/hr*2080*17%) leads us to a 46.5 year return. 17% is the combined Fed and State rate for $10. 24 years? 46 years? Earmarks or Pork? Typical, I think.
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