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Some states struck major privatization deals well before the economic crisis hit.
Indiana, for example, brought in $3.8 billion in 2006 by leasing the Indiana Toll Road for 75 years. Chicago stands to collect $2.5 billion by leasing Midway Airport, if the federal government approves, and has raised an additional $3.5 billion since 2005 through deals for the Chicago Skyway toll road, parking ramps and parking meters.
But in September, investors walked away from a $12.8 billion bid to lease the Pennsylvania Turnpike for 75 years after legislators failed to act on the deal. And Texas lawmakers uneasy over a proposed private toll road system approved a two-year moratorium on such contracts last year.
Cash-strapped states weigh selling roads, parks - Yahoo! News (http://news.yahoo.com/s/ap/20081227/ap_on_re_us/meltdown_selling_assets - broken link)
Illinois is leasing our tollways and overnight our tolls rose from .40, to .80 and upwards of $1.00 per toll in many places. The leasing and selling of highways, tollways and bridges for profit will be the final nail in America's coffin. After all we the taxpayers paid for their construction, yet the mismanagement, fraud waste and abuse of local government all over the US is allowing foreign entities to purchase/own America one state at a time.
I worked in a polling place here during the primary election and one of the GOP types working in our precinct actually thought it was a good idea for us to sell our military bases, in this country, to finance the national debt. Idiocy.
The government shouldn't bail anyone out, and the more privatization the better. Unlike government monopolies that can take your "taxes" no matter what, private companies have to earn your business and compete with each-other, thus creating incentives for efficiency and innovation.
Some states struck major privatization deals well before the economic crisis hit.
Indiana, for example, brought in $3.8 billion in 2006 by leasing the Indiana Toll Road for 75 years. Chicago stands to collect $2.5 billion by leasing Midway Airport, if the federal government approves, and has raised an additional $3.5 billion since 2005 through deals for the Chicago Skyway toll road, parking ramps and parking meters.
But in September, investors walked away from a $12.8 billion bid to lease the Pennsylvania Turnpike for 75 years after legislators failed to act on the deal. And Texas lawmakers uneasy over a proposed private toll road system approved a two-year moratorium on such contracts last year.
Cash-strapped states weigh selling roads, parks - Yahoo! News (http://news.yahoo.com/s/ap/20081227/ap_on_re_us/meltdown_selling_assets - broken link)
Illinois is leasing our tollways and overnight our tolls rose from .40, to .80 and upwards of $1.00 per toll in many places. The leasing and selling of highways, tollways and bridges for profit will be the final nail in America's coffin. After all we the taxpayers paid for their construction, yet the mismanagement, fraud waste and abuse of local government all over the US is allowing foreign entities to purchase/own America one state at a time.
Gee, I wonder if those are all American owned companies????
I bet, either openly or hidden under layers of owners, the Chinese, Saudis, and other countries are buying this stuff up....what better way to conquer the U.S. without having to fire a shot???
The government shouldn't bail anyone out, and the more privatization the better. Unlike government monopolies that can take your "taxes" no matter what, private companies have to earn your business and compete with each-other, thus creating incentives for efficiency and innovation.
there you go! our government is using bailout money to fund foreign companies now and also to fund companies that are already bankrupt! people have not yet seen the currency devalued so they don't think it will be a problem but it is lurking around the corner. i certainly think having private companies investing their own money and taking the risks would be a step in the right direction to letting american citizens off the financial hook.
there you go! our government is using bailout money to fund foreign companies now and also to fund companies that are already bankrupt! people have not yet seen the currency devalued so they don't think it will be a problem but it is lurking around the corner. i certainly think having private companies investing their own money and taking the risks would be a step in the right direction to letting american citizens off the financial hook.
What happens when private companies hold all the resources we need to survive such as water, roads, food, oil, etc..... What do they call that form of power? hummm....it is not called a democracy.
The constitution would not protect us from this form of control.
The government shouldn't bail anyone out, and the more privatization the better. Unlike government monopolies that can take your "taxes" no matter what, private companies have to earn your business and compete with each-other, thus creating incentives for efficiency and innovation.
I don't think that model works when it comes to bridges and highways. We bought and paid for our highways, and now to have a troll under the bridge exacting more money and hampering the flow of traffic, ridiculous. I was astonished when I saw that route 80 had tolls in the midwest. Must be a Republican thing.
The government shouldn't bail anyone out, and the more privatization the better. Unlike government monopolies that can take your "taxes" no matter what, private companies have to earn your business and compete with each-other, thus creating incentives for efficiency and innovation.
This is what happens when public services and necessities become privatized.
What happens when private companies hold all the resources we need to survive such as water, roads, food, oil, etc.....
That's called freedom.
Quote:
Originally Posted by jojajn
What do they call that form of power?
A private company has no perceived "divine right" no initiate aggression: force people to pay it taxes, force people to use the money it can print out of thin air, control education of children, regulate communication (i.e. the FCC), draft or brainwash people into its armies, etc. A private company cannot make a single penny unless someone decided to do business with them voluntarily, as opposed to doing business with someone else.
Quote:
Originally Posted by jojajn
hummm....it is not called a democracy.
Of course not, you want perfect democracy go visit North Korea.
Quote:
Originally Posted by jojajn
The constitution would not protect us from this form of control.
To quote your president: "it's just a goddamned piece of paper".
Quote:
Originally Posted by janeannwho
We bought and paid for our highways [...]
No, you had money stolen from you by the government, which then built highways, etc for its own needs, which does include keeping its slaves ("citizens") productive so it could make more money from them.
Quote:
Originally Posted by jojajn
This is what happens when public services and necessities become privatized.
Merely outsourcing water infrastructure production to a private company is not really "privatization", the government is still way too involved and there is no direct competition. And in regard to costs, you are comparing something that's subsidized through theft (taxation) to something that isn't: of course the government can provide "cheaper" water by forcing you to pay more through other means!
Last edited by Alex Libman; 12-28-2008 at 11:14 AM..
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our government is using bailout money to fund foreign companies now and also to fund companies that are already bankrupt! people have not yet seen the currency devalued so they don't think it will be a problem but it is lurking around the corner. i certainly think having private companies investing their own money and taking the risks would be a step in the right direction to letting american citizens off the financial hook.
