By Jay Jones
November 29, 2005
People talk about creating jobs for Alaskans by using our (oops, those other people's) tax dollars for a bridge. Are the people living out at the old Ward Cove Cannery from Ketchikan? I am waiting for a news story on them and why they live there.
Maybe we could get the Chinese to finance the bridge directly if Uncle Sam won't play ball. You know, cut out the middleman. Foreign countries already finance over 1/2 our debt through Treasury bond sales. Over 7 trillion in debt and we're still considered a good investment, imagine that. Heck, we've even managed to maintain a "triple A" rating. I can only imagine where those investors would be putting their money if this country stuck to the Constitution and only sold bonds in times of national emergency or war (declared I would hope).
Maybe we should save all these big public works boondoggles (shipyard, bridge etc.) until the next big depression. It shouldn't be too far off. Just about the time other people quit financing our greed.
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