Saturday, March 14, 2009


Trying to sell his Billion Dollar Debt plan, the Big Lug Nut began his “shovel ready tour” of the state.

Telling Iowans...

This is a practical, pragmatic step. It a responsible step. It’s fiscally sound. There’s not a risk here.”

He plans to repay the debt, over the next 20 years, with gambling revenue and he's wagering there won't be a downturn like the one in Illinois of 20.9 percent.

If that happens the debt is repaid from Iowa's general fund.

Culver also said...

I want to make sure everyone understand that this isn’t some crazy idea. That this is well thought out and makes sense.”

I believe the Big Lug is NUTS and this plan needs to be buried.

And the scientific community is united in that fact.

Culver hyped this by saying his plan would create 4,000 jobs for every $100 million borrowed, or 30,000 jobs.

The Ragister cited an Iowa State University economist who says the number of jobs would be 1,490 for each $100 million.


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