Monday, October 19, 2009

Examiner.com | Taxpayers' hoodwinked: freeway bonds steered to toll roads

Rick Perry's Texas Department of Transportation (TxDOT) is about to launch Texans headlong into a similar financial crisis that caused the mortgage disaster - multi-leveraging debt. Except this time, it's being applied to toll roads. One of the reasons the mortgage crisis came about was this notion of using debt as collateral for other loans....

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HANK GILBERT, Board Member, Texans Uniting for Reform and Freedom (TURF), is outraged over the toll plans: Double Taxation, Secret Toll Agreements with Foreign Companies, selling OUR existing freeways and rights of way to special interests - - -
who's behind them, who's pushing them, and how we can work together to de-elect the politicians who IGNORE the will of the PEOPLE!
"Texas Department of Transportation (TxDOT) is about to launch Texans headlong into a similar financial crisis that caused the mortgage disaster - multi-leveraging debt. Except this time, it's being applied to toll roads. One of the reasons the mortgage crisis came about was this notion of using debt as collateral for other loans."
Website: http://www.TexasTURF.org
Related Article: Taxpayers' hoodwinked: freeway bonds steered to toll roads
Democrat Candidate for Governor of Texas: http://www.HankGilbert.com