Somebody Else Gets It
When it comes to the blogosphere there are a lot of days when I think I’m the only person who can grasp the obvious. Luckily, today is not one of them. Former WXNT-AM producer and now current Indiana Libertarian Party Executive Director Chris Spangle penned a blog post this week basically telling the Capitol Improvement Bankruptcy advocates to get a clue.
You can read it here.
The Indianapolis City-County Council is currently moving forward with a plan to increase the hotel tax by one percent, in order to close the C.I.B.’s funding gap.
Spangle reminds the bankruptcy crowd that it is not an option because under federal law, the state would have to give the CIB authorization to file, which is not going to happen. In addition, Spangle makes an excellent point by reminding readers that the full implementation fo property tax caps kicks in next year and there is no way the Legislature is going to give local governments that type of out.
He also points out the practical effect of bankruptcy, because anyone who thinks that would drag the Colts back to the table to negotiate would have the unitended consquence of having every other booked convention looking for ways to get out of their agreements and likely scare off any future prospects.
Spangle closes his blog post by encouraging Libertarians to come up with viable alternatives other than bankruptcy such as privatization, more openness and reform of the C.I.B.
It’s defiinitely a piece worth reading. And although it states the obvious, sometimes it’s necessary to point that out especially when all people see is everything except what’s actually there.
