Thursday, January 28, 2010

$10 Million Federal Dollars in the toilet...No, really, it is IN the toilet...

You tell me...is this what "Fiscal Stimulus" is supposed to result in...
Even as other states are shutting down highway rest areas to cut expenses, Texas is pressing ahead with a $262 million program to build or overhaul several dozen roadside stops.
"The Texas rest areas are the absolute best in the entire country," Jan McCarter said during a stop last week at an Interstate 35 rest area in Salado, north of Austin. As she spoke, she walked her lap dog, Rocky, on a vast lawn at the rest area, which was built for $10 million and opened a little more than a year ago.
Yes, $10 million dollars for a (ONE) rest stop.  I can see the jobs this project "created or saved"---I get that. But what SUSTAINABLE job(s) did "investment" in this project create or save that will contribute to further production in our economy?  Spending for projects like this should be a by-product of tax revenue collected from an improving economy, not from borrowed money.  Some entreprenuer somewhere could have used that money for a start-up that actually creates a NEW job (or two or 100...) that did not exist before...

Read the story for the benefits and costs of this project...
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