One of the projects that President Obama’s close to trillion dollar stimulus package is designed to pay for will be a much delayed subway line in New York City. The line has been authorized and paid for by taxpayers time and again through bond issues and federal aid over more than 60 years. Yet the line is years away because of cost overruns and various public sector problems.
Given the porkish nature of all these federal and state make-work programs, it is unlikely the subway line will be operating any time soon, yet riders are already being told of the marvels of public-sector projects. FULL ARTICLE