Tweet
Great news for San Fran residents. The economic illiterates running your town are going to "save" you $27 million by "only" wasting $101 million to spend it on a sailboat race for rich old white people.
They say this will help San Fran business. Possibly. How about the harm it will do to the poor and middle class of the town? They ended the last fiscal year over $400 million in deficit and start the new one almost $400 million in deficit. Now they want to add $101 million to the deficit--can't the rich old white guys pay for this themselves?
"More than a half-million spectators could gather in San Francisco to watch the America’s Cup, if the city submits a successful bid for the prestigious regatta
Some of the wind was taken out of the sails of an effort to hastily approve an America’s Cup host city agreement when San Francisco lawmakers delayed a scheduled budget hearing by one week to allow themselves to consider an alternative that could be $27.2 million cheaper."
Why is government involved at all? Obviously San Fran government has too much time on their hands and way too much money. Is a sailboat race really the role of government?
More...
They say this will help San Fran business. Possibly. How about the harm it will do to the poor and middle class of the town? They ended the last fiscal year over $400 million in deficit and start the new one almost $400 million in deficit. Now they want to add $101 million to the deficit--can't the rich old white guys pay for this themselves?
"More than a half-million spectators could gather in San Francisco to watch the America’s Cup, if the city submits a successful bid for the prestigious regatta
Some of the wind was taken out of the sails of an effort to hastily approve an America’s Cup host city agreement when San Francisco lawmakers delayed a scheduled budget hearing by one week to allow themselves to consider an alternative that could be $27.2 million cheaper."
Why is government involved at all? Obviously San Fran government has too much time on their hands and way too much money. Is a sailboat race really the role of government?
More...