Wednesday, May 23, 2012

What It Probably Means

After mulling it over for a bit, it's probably something like this: The posh boys won't borrow any more money because that would like be so wrong, so instead what they'll do is offer loan guarantees so that the PRIVATE SECTOR can borrow the money, but it won't be the government borrowing so stop saying that, to do privatized infrastructure projects. The executives will fuck up the projects, and then Bain the companies, looting all possible value for themselves and/or shareholders, and stick the government with the bill for the whole thing while maintaining the rights to whatever revenue stream the project might potentially generate. But it's NOT GOVERNMENT BORROWING. So stop saying that.