Government Give-Aways, The Republican Way 0
In Wingnut World, give-aways are quite okay if they make the rich richer and the poor poorer. Indeed, not giving away is a firing offense. Despoiling the environment is just a sweetener in the pot.
The project: turning a North Florida pine plantation into a business that attempts to make up for wetlands that are wiped out by new roads and development. At stake: millions of dollars in wetland “credits” that can be sold to government and developers.
The problem, according to a May 9 memo from Department of Environmental Protection wetlands expert Connie Bersok, is that the owners want the DEP to give them lots of wetland credits for land that isn’t wet.
The “credits” are sort of credit default swaps for real estate developers. The kicker is this: the alleged wetlands to be “credits” aren’t.
Aren’t wet, that is.
Follow the link for details.
