Monday, October 12, 2015

As flood recedes, skinflint South Carolina faces huge infrastructure tab, limited federal aid

"COLUMBIA, S.C. (AP) — Long before the historic floods of the past week, crumbling roads, bridges and dams and aging drinking water systems plagued South Carolina — a poor state that didn't spend much on them in the first place and has been loath to raise taxes for upkeep. Now the state faces hundreds of millions if not billions of dollars' worth of additional bills to fix or replace key pieces of its devastated infrastructure."
Here we have before us the best evidence to date that the current rage for privatization of infrastructure is a terrible idea.  South Carolina has gone the full magilla with this approach and where has it left them?  

The Associated Press

No comments: