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Wednesday, April 14, 2010

It all looks good if you only look at the credit side of the ledger

The headline story in today's Denver Post ("Orion rockets back to life") claims that the federally-funded Orion spacecraft project "produces about $300 million in annual revenue."

It leaves out, of course, that the $300 million in annual revenue is taken from taxpayers, for a net effect on the economy of, roughly, say . . . about $0.




1 comments:

  1. Shows up when talking about Fastracks, too, unfortunately.

    http://www.inside-lane.com/2010/04/13/rtd-no-ballot-issue-this-year-for-fastracks-sales-tax-question/

    "The FasTracks investment initiative is projected to create more than 10,000 construction-related jobs during the height of construction, and will pump billions of dollars into the regional economy over the next 20 years."

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