I was away for a few days, out of town, and come back to yet another farce acted-out on the St. Louis stage. Now we have LAWSUITS, so predictable, being raised on both sides of the issue. I will repeat here what I said in an earlier post: No matter how you dress it up, you cannot maintain that the taxpayers of Missouri will not be saddled with new debt, or that programs in need will not be affected by building that new stadium. That is an outright LIE. Earlier, I wrote:
This is no different than re-financing. Except, in this instance they are taking a debt that would be paid off in 2021, and extending it for another 20-30 years. Additionally, most people refinance when rates are favorable in order to make improvements or pull cash out, but it is a small portion of the original debt. These idiots want to build a whole new, and infinitely more expensive, structure! They argue that it is not "new taxes" but that is just fancy politico double-speak. In fact, the existing taxes that are going towards paying off the EJD debt by 2021 could be used for a variety of other programs in St. Louis that are badly under-funded, or in need, but they would rather build yet another sports facility. So who pays for the programs in need if the stadium is being built? Simple: They raise new taxes to cover the short-fall on hospitals, schools, and social welfare, or those things simply go unfunded. Because, the fact remains, THEY CANNOT AFFORD IT! It sounds like the taxpayers in their city have already made their feelings known about diverting tax monies towards sports facilities, but their leaders are now trying to fleece the public coffers, yet again, against the public's express will. I'd say that it's a good thing that Nixon is termed-out, because I just don't see how he would be re-elected after this boondoggle. Shameful.
