The Selling of the Commonweal 0
Part of the Republican canon is a belief that there is no such thing as the “public good.” If it does not pay a bonus to a bonus baby, it ought not to exist (Afterthought: Unless, of course, it can be used to blow someone up).
Think, for example, of Enron. Or Lehman Brothers. Or Countrywide–All of them exemplars of the inherent virtue of private industry.
The value of the deal to the state, in current dollars, is estimated to be between $3 billion and $4 billion over the 48 years it would be in effect, according to APM’s proposal.
Anyone who thinks this is a good idea should read about Chicago’s private parking enforcers and their golden guarantee.
