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Trust Mitch Daniels?
Mitch has proved
Not so good on Cost/ Benefit analysis and holding on to the public's
dollar:
Mitch blows it on IPALCO:
Daniels reported sound economics to stockholders, then
sold his for "ethics reasons".
..."retirees and workers lost millions when the new company's stock
crashed. ... Daniels made a profit of more than $500,000 when he sold
his IPALCO stock"
(Indianapolis Star Oct. 31, 2004)
Mitch blows it on cost of war:
Sept. 2002
White House economic adviser Lawrence Lindsey offered
an "upper bound" estimate of $100 billion to $200 billion. Mitch
Daniels, director of the White House budget office, quickly called the
estimate "very, very high."
http://www.house.gov/schakowsky/iraqquotes_web.htm
March 2006
"The non-partisan Congressional Budget Office, which as
of January 2006 counted $323 billion in expenditures for the war on
terrorism, including military action in Iraq and Afghanistan.
Just this week the House approved another $68 billion for military
operations in Iraq and Afghanistan, which would bring the total
allocated to date to about $400 billion. The Pentagon is spending about
$6 billion a month on the war in Iraq, or about $200 million a day,
according to the CBO.
http://msnbc.msn.com/id/11880954/
Mitch blows it on Federal budget:
Daniels as Budget Director helps turn a $236 billion
annual surplus turn into a $400 billion deficit during his 29-month
tenure.
http://www2.indystar.com/library/factfiles/people/d/daniels_mitch/daniels.html
Mitch blows it on Major Moves:
Over-committing?
Lawmakers are expecting a
$3.85 billion check if they approve the
Major Moves transportation initiative today. But the numbers show they
already have spent it and more. This does not count any interest the
state might earn on some of the money while it sits in a bank account,
nor the potential cost of pension protections in the bill.
$2.8 billion – to cover
transportation shortfall and build
hundreds of road projects
$500 million – goes into a transportation trust fund for
future
generations
$200 million – split between five counties along the Toll
Road
at $40 million each
$120 million – goes to the Northwest Regional Development
Authority
$40 million – split between Lake and Porter counties –
the
remaining Toll Road counties
$278 million – cost of a quasi-toll freeze for commuters
over
the next 10 years
$150 million – distributed to all cities, towns and
counties
around the state for road projects
$125 million – retire Toll Road bonds after using Toll
Road
account reserves
Total: $4.213 billion
Tue, Mar. 14, 2006
http://www.fortwayne.com/mld/fortwayne/news/local/14095130.htm
The key part of the plan would allow Daniels to lease the
toll road
to the foreign consortium for an upfront payment of $3.8 billion - a
figure the administration said previously was $3.85 billion.
The state
would pay
the private companies for lost revenue from the initial toll freeze and
electronic tolling discounts. Senate Appropriations Chairman Robert
Meeks said that could cost the state about $278 million over 10 years —
money that would come from its toll lease payment.
Wed, Mar. 15, 2006
http://www.reporter-times.com/?module=displaystory&story_id=31242&format=html
By The
Associated Press Wednesday March 15, 2006
COUNT US! comments:
Toll lease payments... What payments Sen. Meeks?... Is
it not up front? Oh well, it's just $278,000,000.
He said$3.85, now $3.8.... what is 3,850,000,000
here or there... what's 50 million dollars among friends?
Spending a little extra... $4.213b - 3.8b=
$413,000,000.... spending
half a billion to get a bill passed? You've got to spend money to
make
money.... right?
Q, Who is betting on Major Moves to turn out
better than these other examples?
A. We all are.
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