Credit Vultures

Jun 22, 2009

The thieves in Sacramento will siphon more than two billion dollars from California transportation in order to service the interest on bond debt. This is the tally:

1) 336 million dollars usually used for transportation costs will cover transit bond debt.

2) 1.95 billion dollars of gas tax money will cover highway bond debt.

3) 242 million dollars in commercial vehicle weight fees will cover transportation debt.

The credit vultures are feasting on the MTA!