But Rich People Live Here, So We Can't Be Going Broke
funny thing about Georgia, or metro Atlanta that is. We just completed the new Northwest Corridor Express Lanes, 30 miles of elevated reversible toll lanes for a whopping eight hundred and thirty four million dollars.<p>however with regards to the story, Atlanta has its issues with old and needing of repair infrastructure but mostly this comes about because politicians love to cut a ribbon and money goes to new and expensive projects while maintenance gets deferred. This is very evident in heavy rail metro transit systems across the country where it is estimated that over a hundred billion dollars has been deferred.<p>however the real bomb coming is the public employee pension funds running out of money, from police to fire to teachers to city employees. Chicago has a time bomb set to go off in just a few years [1] and if we thought infrastructure costs were killer wait till the pensions collapse, here is a hint : worn out sewers and bridges won&#x27;t sue you. Already more than a few cities and counties have filed bankruptcy because of these costs.<p>rich neighborhoods want more and more services but when the bill finally comes due it is only then that they realize the true cost of that folly. it easy to live on deferred payment plans until it comes due<p>[1] <a href="https:&#x2F;&#x2F;chicagocitywire.com&#x2F;stories&#x2F;511130434-projection-chicago-s-police-pension-fund-will-be-broke-in-2021" rel="nofollow">https:&#x2F;&#x2F;chicagocitywire.com&#x2F;stories&#x2F;511130434-projection-chi...</a>