The Privatization Scam 0
Randy Salzman wants to know “what gives?”
Few of the rest, including Virginia’s 22 P3s, are meeting their toll and income projections. Maryland’s “Intercounty Connector” quadrupled in cost to $4 billion and is now carrying less than half of projected vehicles.
But media continue to write as if private money is rescuing crumbling American highways.
Even Congress is questioning if taxpayers are throwing good money after bad – and much more of it than if we build the highways ourselves. Too many have forgotten what our grandmothers once told us: “If it sounds too good to be true, it probably is.”
It becomes increasingly clear that outfits out for their own enrichment cannot be trusted with the public’s business.
