Comments on: Bids hit street for No Name power system http://newsbarometer.com/2010/02/05/bids-hit-street-for-no-name-power-system/ Serving all the Communities of the Lower Keys Tue, 24 Aug 2010 23:45:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: John Lentini http://newsbarometer.com/2010/02/05/bids-hit-street-for-no-name-power-system/comment-page-1/#comment-11412 John Lentini Sun, 07 Feb 2010 14:53:18 +0000 http://newsbarometer.com/?p=2155#comment-11412 "The service is also asking local officials if any part of the project is to be paid for using money borrowed from a federally insured bank." I earned my living using an education I obtained with federally insured student loans. So, I guess all my money contains some measure of federal funding. Seriously, that anyone, especially a government agency, would equate borrowing from a bank (all banks are FDIC insured) with using federal funds demonstrates that the rational consideration of the merits of electrification is not going to happen. “The service is also asking local officials if any part of the project is to be paid for using money borrowed from a federally insured bank.”

I earned my living using an education I obtained with federally insured student loans. So, I guess all my money contains some measure of federal funding.

Seriously, that anyone, especially a government agency, would equate borrowing from a bank (all banks are FDIC insured) with using federal funds demonstrates that the rational consideration of the merits of electrification is not going to happen.

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