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Post by brownfield on Jul 17, 2012 16:43:35 GMT -7
In the biggest scam since free trade, the government is now making it easier for the campaign contribution class to get their greedy hands on your tax dollars. El Paso (OF COURSE) is at the forefront of this type of program in the state of Texas. The city council approved on a 7 to 1 vote to approve a new way for corporate america to externalize losses. The corporations send in their suits to lobby council....make campaign contributions....have their lawyers draft a proposal for the corporation to present to council....council approves the proposal without any changes...and presto....a pile of tax dollars for some endeavor that could not get private financing.
Now the "investment class" laugh as all the bad risk has been "externalized" to the taxpayer and if the project works...the "investors" win...and if not... the taxpayer loses. A no risk investment.
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