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The Morning Report — 9/12/24
Daily Tech News 12 September 2024 Wednesday Overnight Open Thread (9/11/24) Big Nature Energy Cafe Quack Hats You're Not Going to Believe This, But Kamala Harris Lied Many Times Last Night and the Diligent "Fact"-Checking "Moderators" of the Disney Groomer News Network Allowed Her to Do So Reuters Panel of 10 Undecided Voters Agree That Kamala Harris Won the Debate. Six out of the Ten Say They're Now Voting for Trump. Chris Rufo: Biden is Spending Billions, Under the Radar, to Take Over Apartment Buildings and Stuff Them Full of His Endless Stream of Foreign Invaders NY Times: Undecided Voters Aren't Sure Who Won the Debate House Report: Andrew Cuomo's Aides Knew He Was Consigning the Elderly to Death When He Filled the Nursing Homes with Covid Patients Absent Friends
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October 07, 2010
Chris Christie: No, I'm Quite Serious, I'm Not Spending Money We Don't HaveAdditional tunnels with trains were to be built below the Hudson, increasing train connectivity between NJ and NYC. The plan was... well, it's not a bad plan. I generally support this kind of government spending, on planes, trains, and automobiles. But NJ is out of money. "Nice but not necessary" should get cut, but rarely does, because, like, oh my God you can't just stop building a tunnel. Yes you can. Christie said the tunnel project costs “far more than New Jersey taxpayers can afford and the only prudent move is to end this project.” Wait -- 8.7 million with a 1 billion overrun??!! No, they mean 8.7 billion. Yeah, I looked it up for once. Yay, me. I left the error in to prove other people do it too, you know. Oh, and that $1 billion in overruns seems on the low side. According to the governor, cost overruns are estimated to be in a range from more than $2 billion to over $5 billion. A bit more: the project was rushed to give Corzine an election year photo-op. Tunnel opponents maintained the project was rushed together so then-Gov. Jon Corzine could get a re-election campaign photo opportunity at a ceremonial groundbreaking in summer 2009. Click on the link to JWF to read Paul Krugman hyperventilating about how awful this is. Krugman does have something of a point: Since the feds were kicking in $3 billion and the Port Authority $3 billion, with the state supposed to pick up the remaining $2.7 billion and all additional overruns, canceling the project loses the state money. I mean, I suppose if you could just pay that $2.7 billion and get an additional $6 billion tossed into the deal, that might be a good deal. But look, it's not going to be $2.7 billion. It won't be $3.7 billion. It probably won't be $4.7 billion and it might not even be just $7.7 billion. We saw what happened with the Big Dig. And: The state doesn't have the money, whatever it is. And what Krugman's really steamed about is that Christie won't just break his campaign pledge to raise gas taxes. That's what his problem really is; liberals have in mind an ever-expanding state, and for that they need ever-expanding tax revenues. Until now they have had relatively little pushback: they get slowdowns in the rate of expansion of taxation, but usually no sustained rollback. Christie represents a direct threat to that, and therefore to Paul Krugman's dreams of a well-funded, gold-plated, tax-vampire Colossus State. So this isn't just about a tunnel for him. This is about a direct challenge to his sense of well-being. Sorry, Paul, but if you're looking for Santa Claus, you came to the wrong place. | Recent Comments
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The Morning Report — 9/12/24
Daily Tech News 12 September 2024 Wednesday Overnight Open Thread (9/11/24) Big Nature Energy Cafe Quack Hats You're Not Going to Believe This, But Kamala Harris Lied Many Times Last Night and the Diligent "Fact"-Checking "Moderators" of the Disney Groomer News Network Allowed Her to Do So Reuters Panel of 10 Undecided Voters Agree That Kamala Harris Won the Debate. Six out of the Ten Say They're Now Voting for Trump. Chris Rufo: Biden is Spending Billions, Under the Radar, to Take Over Apartment Buildings and Stuff Them Full of His Endless Stream of Foreign Invaders NY Times: Undecided Voters Aren't Sure Who Won the Debate House Report: Andrew Cuomo's Aides Knew He Was Consigning the Elderly to Death When He Filled the Nursing Homes with Covid Patients Search
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