March 23, 2009

Shorter Ben Wear : Nichols column

Sen. Nichols supported tolling before he was elected. He still supports tolling now. Sen. Nichols likes to dress fancy and he likes to privatize roads. He's written some new legislation that will make privatization less of a gang rape of Texas taxpayers and more of a date rape. With rohypnol.

Seriously, Ben, did it ever occur to you to ask Nichols why he has such a laser like focus on making a shitty deal smell just less shitty, rather than admitting the error and killing the shitty deal? Is it a built in ideological bias or just stupidity?

Oh, and just FYI for all you financial geniuses on the R side (and a few pro-PPP D's)... the State can sell bonds more cheaply than your good friends at Macquarie and Cintra. Which means their cost of capital is higher than ours. Now, given that indisputable fact, where exactly is the cost efficiency that the private partners will realize to offset their higher capital costs?

This really is retarded. PPP is a waste of time searching for a transportation magic bullet. Y'all need to sac up and fix the problem rather than trying to make a bad situation slightly better.

Posted by mcblogger at March 23, 2009 10:53 AM

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