After reading this article, the first thing I thought was ‘can we get that in writing’? Specifically, I’m referring to this statement, which reads “About 20 rail transit projects in development across the country are in a queue for Federal Transit Administration grants through the agency’s New Starts program, and a delay in securing local funding commitments could cause SWLRT to lose its place in line, the Met Council has repeatedly warned.”
Starting from scratch on SWLRT would be a dream come true. It’s a project whose time will never come, at least not in Minnesota. What can SWLRT do that multiple bus lines can’t do better? Bus lines can adapt to changing transportation needs. Bus lines aren’t expensive, either. Installing new bus lines wouldn’t require settling ongoing litigation that SWLRT is tied up with, either. Then there’s the overall cost of SWLRT, which is orders of magnitude more expensive than buses.
Why does the DFL think this project is such a high priority? Is it because it’ll improve the lives of the masses? Not likely. Is it because it’ll play well with the special interests and big government types? BINGO! We’ve got a winner.
The statement noted about 45 staffers would be laid-off if the project office shut down. The project office runs out of cash to continue operations Sept. 30, and the cost of delays beyond that date is estimated at $1 million per week.
If the project is scrapped, I don’t care if costs pile up. The government shouldn’t have made such a foolish decision. Further, I don’t care if companies lose money because they trusted crooked politicians. That’s their fault. Let them pay the price for their decision-making. Nobody put a gun to their head and said ‘build the SWLRT.’
Capitalism isn’t about guaranteeing profits. Capitalism is about guaranteeing opportunities to make profits. Guaranteeing profits has a different name — public-private partnerships, aka socialism, aka crony capitalism.
Authored By Let Freedom Ring Blog