The backers of this boondoggle said it would cost $4.7 billion. Too many people believed this fraud and said "OK" and approved a tax increase.
Woops. Now RTD says the actual cost will be $7.0 billion. They want voters to approve that, too.
Many will vote for it, thus sanctioning and approving their own robbery.
It starts to get hard to feel sorry for those that willingly submit to fraud. Of course, the bad part is that those voting for RTD want those that have not fallen for the scam to contribute, too.
And, due to the power of democracy, they can make it happen.
1 comments:
Technically they don't need voter approval for the $7 billion. The problem is their sales tax revenue projections were so amatuerish that they can't raise enough money soon enough to pay issue and pay off the bonds in the time alloted.
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