Wednesday, July 13, 2011
The Fort Worth Star-Telegram has an interesting column on our debt growing faster than Washington's. Still think sending Perry to DC is a good idea?
Yet, we can't fund education...does anyone see the connection here?
Notice the creation in new government bodies (how much did that cost?) to oversee the transportation projects, rather the Tollways that foreign companies want.
While Texas lawmakers have refused to raise taxes -- and often criticize Washington for borrowing and spending -- the state has been paying for much of its expansion with borrowed money.
That increase was largely due to the North Texas Tollway Authority's issuance of $6.5 billion in debt.
Two government bodies, created to oversee transportation projects, sold $2.5 billion in bonds last year, including funds for the North Tarrant Express project.
"Maybe you're not paying for it now, but your children or grandchildren will."
Some would argue that long-term investments, such as highways and university buildings, will be serving future generations, too.
Let's hope so, because everyone is on the hook for them.