CNN's Lou Dobbs show did a report 2 nights ago on how critically important parts of our national infrastructure are being sold. From the transcripts:
"...Congressman Peter DeFazio says it is a deal for corporations and investors, no deal for taxpayers.
REP. PETER DEFAZIO (D), OREGON: These private interests would have the power of eminent domain, and they basically would have unlimited authority over the term of the contract to raise tolls. A private entity beyond the reach of any future state legislature, governor, or Congress under contract.
SYLVESTER: Critics also call it fiscally irresponsible. States receive a lump sum up front. Future generations receive no toll revenues. And public sentiment is solidly against selling off taxpayer-owned assets. especially to foreign companies.
In Indiana, more than twice as many people were against the deal than were for it. The transportation groups are dismayed the Bush administration has officially backed these private-public arrangements.
TODD SPENCER, INDEPENDENT DRIVERS ASSN.: We were stunned. We were amazed, but I'd have to say, unfortunately, we were not shocked. They have been shopping this idea, this draft legislation, this proposal to states for over a year now and, you know, to them, rather than responsible transportation policy, their answer is to sell-off our highways.
SYLVESTER: Despite the many concerns, privatizing highways is gaining momentum across the country. Legislation is expected to be introduced in Pennsylvania in the coming weeks that will call for a long-term lease of the Pennsylvania Turnpike.
Right now, Lou, the leading bidders are from Australia and Spain -- Lou.
DOBBS: It -- I mean, this is just -- it's incredible. The ideas that are being put forward to avoid public responsibility, the idea that a state government or an authority of any kind could sell infrastructure, highways, it just boggles the imagination."
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