Villaraigosa wants to borrow future tax money to fix L.A. streets

 So Measure R is a half cent sales tax passed by county voters three years ago to supply the city with money for different transportation projects. Villaraigose, whose term ends 2013, wants to borrow money to fix our streets, but which is to be repaid with interest. Supposedly we'll be earning $2 billion in the next three decades from this measure and he wants $800 million to go to rebuilding our streets. Soooo, what I'm having difficulty with is believing that we couldn't find anything better to spend that money on. Come on, really?

This person had the right idea...

blancaprz666 at 10:12 AM November 10, 2011 This is typical politician waste nonsense. Create a tax over a very long term and borrow against so you can spend it today. Then in a few years, that tax source is spent but they need more to spend so what do they do? You got it. Beg for another tax in addition to the first one.
And the big problem is that the dumber than rocks citizens will go for it.