kpitcher
12-08-2011, 07:47 PM
The local commercial docks here are in danger of being shut down because the river needs dredging badly. A ship was stuck in Lake Michigan before it could even enter the local river for delivery. A special tax on all port shipping was set up to fund dredging of all commercial ports. It's value is over 6 billion but congress won't spend any money. This has been an ongoing battle.
A friend's family has owned one dock for decades. At this rate all 3 of the local docks will be closing by next year. If the tax wasn't there I'd say they should be allocating funds to dredge themselves. Since a tax is being taken that isn't being put to the proper use it's definitely the Fed Gov't fault.
Ship aground inspires fears
http://www.heraldpalladium.com/articles/2011/12/08/local_news/7636807.txt
(http://www.heraldpalladium.com/articles/2011/12/08/local_news/7636807.txt)
The fund has amassed a surplus of $6.28 billion, all of it now IOUs in the form of treasury bonds.
A friend's family has owned one dock for decades. At this rate all 3 of the local docks will be closing by next year. If the tax wasn't there I'd say they should be allocating funds to dredge themselves. Since a tax is being taken that isn't being put to the proper use it's definitely the Fed Gov't fault.
Ship aground inspires fears
http://www.heraldpalladium.com/articles/2011/12/08/local_news/7636807.txt
(http://www.heraldpalladium.com/articles/2011/12/08/local_news/7636807.txt)
The fund has amassed a surplus of $6.28 billion, all of it now IOUs in the form of treasury bonds.