“Repairing, replacing and rebuilding 13,000 miles of aging and brittle water and sewage pipes and the treatment plants they connect to could cost Miami-Dade County more than $12 billion over the next 15 years.” I don’t know if “staggering” is big enough a word to attach to $12 billion. In today’s reality of a federal government spending $3.7 trillion, and borrowing $1.4 trillion of it (that’s 38%, folks), what’s a little $12 billion amongst friends? Well, guess what, we can’t lend it to ourselves like the Fed does, nor can we print it. The article‘s “good news” that it will infuse the local economy ignores the fact that the $12 billion will come out of the economy in the form of taxes. Talk about voodoo economics.
