A better idea for stimulus – part I
Thursday, April 3rd, 2008 By David Hansen
The latest “stimulus” plan from the Strickland Administration proposed taking ‘excess revenues’ (oh, what wonderful doublespeak!) from the Turnpike and spending on things like historical building renovation and corporate welfare enticements to Ohio businesses to hire more interns.
We’ve written about leasing the Turnpike (here and here) the $6 billion of dollars it could put into the Ohio economy stimulating growth though both direct expecture flows but also through the windfall of true infrastructure investments.
Instead of paying interest on bonds, the state would be collecting interest from a private Turnpike operator.
Now that’s a better idea!
Tags: Economy, privatization, Spending, State Indebtedness, Stimulus plan, Taxes, Turnpike
April 3rd, 2008 at 5:48 pm
[...] [Technorati] Tag results for taxes wrote an interesting post today onHere’s a quick excerptA better idea for stimulus – part I April 3rd, 2008 by David Hansen The latest “stimulus” plan from the Strickland Administration proposed taking ‘excess revenues’ (oh, what wonderful doublespeak!) from the Turnpike and spending on things like historical building renovation and corporate welfare enticements to Ohio businesses to hire more interns. We’ve written about leasing the Turnpike (here and here) the $6 billion of dollars it could put into the Ohio economy stimulating growth though bo [...]