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Don't get excited

just yet.

She proposes using something called "Grant Anticipation Revenue Vehicle" to fund this project.

What you might ask is a Grant Anticipation Revenue Vehicle?

It's a bond. She proposes using borrowed money through issuance of bonds which are a form of debt.

And,apparently,if the Grants "anticipated" do not appear,guess who gets to pay for this project? You guessed it,the working taxpayers.

This sounds like some of those funky bonds which were used back in the 80s and 90s to fund corporate takeovers like RJR. The value is in the initial hype; and it goes away once the smoke clears and the purchasers see what they really got.

Someone needs to send a message to Raleigh and her Highness. You can not continue to drive the working taxpayers further into foolish debt.

Clearly, this is a feeble attempt to bolster her re-election chances.

If she didn't raid the DOT funds as often as she does, to fund some of those silly give away programs she is so enamored with, the funds would be in the bank and there would be little or no need for borrowing.

And that is what this is. Borrowing through Bond issuance.

Start now, send you State legislators a clear message. No more borrowing. At least no more borrowing until Medicaid is retired.


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