More Debt for Pork?

According to reports, the House Democrats are holding up the budget negotiations for more $500 million in new bonds for “Redevelopment Assistance Capital Projects.” What the heck are those, you ask?

They are debt for pork projects, not unlike WAMs and other corporate welfare programs – handouts that make politicians look good, but that taxpayers pay off, with interest, for decades.

For a list of these grants, click here.