Friday, July 09, 2010

3 C Train Or The Big Green Drain

Train, Spain and drain all have one thing in common, they make things go broke.

Why Cities Are Broke or, There is Something Tragic About a Train...

... or a light rail system or a streetcar boondoggle that just makes people (well, pols and their civilian enablers) wet their pants over the prospect of tossing 19th-century technology and 21st century debt obligations at cities and states and countries that are already dead broke.

And so witness the spectacle of Cincinnati, a city that is down on its luck and its population, faces a $50 million deficit next year, and is home to the worst mascot in the history of professional sports (see right), anxiously awaiting signs that the feds will shovel some money their way in a ridiculous plot to build a streetcar system in the Queen City:

Read the rest.

When will the world realize that "green" means money in a bad way, at least how it is envisioned now.