Friday, November 28, 2008

The proposed ND and government spending plans

While there are reports that the commercial mortgage business may soon be approaching its own meltdown:

Even as the holiday shopping season begins in full swing, the same events poisoning the housing market are now at work on commercial properties, and the bad news is trickling in. Malls from Michigan to Georgia are entering foreclosure. Hotels in Tucson, Ariz., and Hilton Head, S.C., also are about to default on their mortgages. That pace is expected to quicken. (AP, by Matt Apuzzo)

including related reports here in the Cheshire area...

Governor Rell is preparing for the Obama printing press public works package to start sending money to CT:

Rell directed the departments of Public Works, Transportation and Economic and Community Development to prioritize any "shovel ready" projects. They may include road, bridge, rail, and public buildings projects, and economic development and housing initiatives in the final design stages. "I want them ready to go, so if the money comes through then we're ready to put the shovel in the ground," Rell said Friday. (AP, by Susan Haigh)

I could easily see this expedite the Rte 10 / Rte 322 reconstruction project. Frankly though, I think the country would be a whole lot better off if the printing presses simply got turned off. We've already set the stage for hyperinflation. Do we really need to exacerbate the problem?

Tim White


Anonymous said...

I can't seen any reason to do anything with 322 and rt 10. It would simply waste the money.

The W/S strip mall is dead and W/S might be too.

Instead of adding more spending, state and local governments should be looking to reduce the cost of government so that Connecticut can be more competitive. Too many government projects don't have any payback and that's what we need now.

They say that recessions force companies to become more efficient and the weaker ones go out of business, then why doesn't this hold true for governments and their agencies?

Anonymous said...

I don't see what is wrong with the present 10/322 intersection. I can think of at least a dozen intersections which are worse bottlenecks....try the intersection on Whitney near Quinnipiac.

I think every DOT project needs to be rethought as to what we really need to accomplish; not how fast we can pave over CT.