Thursday, 8 July 2010

Broke But Rich

The state of Pennsylvania is broke. At least, they will say this and show the books to mostly prove it. They are having dismal troubles in paying off various basic services and having to look for cuts.

Today, they kinda admitted that they did find $10 million for the Arlen Specter Library, which they believe really needs to be done up.

Now, to be honest...they didn't have the $10 million. They admitted this yesterday as well. But they are going to "BORROW" the money, so that the library can get a 'leg up' (as they say in Tennessee).

The ten million will end up going to the Philadelphia University and I imagine they will just add a chunk of building onto a already existing library with a fancy entrance...and put up five or six shelves of Scottish law books for folks to read during their lunch hour.

The nice thing about this is that they didn't have the money...but they knew how to borrow the money. And some idiot was willing to loan them the money....in hopes that this was a good loan to be repaid.

Somehow, in the scheme of things...you get this feeling that folks who government business...are kinda like those guys who borrow $80k on their Master Card...and don't worry about payments later.