Easy money not so easy | Arkansas Blog

Thursday, September 11, 2008

Easy money not so easy

Posted By on Thu, Sep 11, 2008 at 4:27 PM

The bond lawyers and bond daddies worked on Jim Guy Tucker and then they worked on Mike Huckabee and voters finally went along with the bond daddy enrichment scheme to borrow against future federal highway money to get money up front for road repairs. It was a shell game. The interest on the bonds is enormous. At the end of time, in the final reckoning, we will build fewer roads with the bonds, but build more up front. If it's any consolation, Arkansas isn't the only state wondering where the dollars are going to come from on those bonds now that federal highway dollars have dried up.

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