A Bridge to Somewhere
By John Maki
April 10, 2007
I agree with Forrest Mackey, but the "bridge" has
already gone somewhere. It was the finest and most publicized
example of pork barrel politics coming out of a republican controlled
congress in years and it helped turn that body to democratic
control. Regardless of the tradition of others "feeding
at the trough", where are the elected politicians willing
to accept reality and do the responsible thing?
The reality is that to build an actual bridge, the United States
would simply borrow the money and pass on its cost to future
generations. Who will loan the money? We have a huge trade
deficit and the money we export just to Japan and China to buy
goods is then loaned back to us. Japan holds $627,000,000,000
and Communist China has $400,000,000,000 in United States Treasury
bonds. At the current 1 month interest rate of 5.14 %, borrowing
this money from just these two countries costs us $100,433 in
interest per minute, with nothing applied to the principal.
Before we elect and send people to congress, maybe they should
have to demonstrate their ability to balance their own checkbook.
Received April 09, 2007 - Published April 10, 2007
About: "Former resident
of Ketchikan, now home in sunny Colorado."
Note: Comments published
on Viewpoints are the opinions of the writer
to Somewhere!! By Forrest A. Mackie - Ketchikan, AK
and do not necessarily reflect the opinions of Sitnews.
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