A blessing of the S&P downgrade: the death of the CRC?

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The foregone conclusion, caused months ago by Congressional stupidity and most recently by the GOP caving in on the debt ceiling with the equally obvious (Even to me, I repeatedly stated here that the downgrade would happen as a result of giving in to the democrats on tossing another couple of trillion down the rat hole) downgrade(s) that would... and will result.

Although essentially bleak, it appears that there may be at least one silver lining to this passion play: the possible... the likely... death of the CRC.

As the fiasco of planning and the waste of tens of millions of dollars becomes clearer by the day.  Even before the downgrade, these morons couldn't figure out howto pay for this steaming pile; WITH the downgrade, hundreds of millions in interest charges have been shoveled onto the plate, jacking up the charge to even more then $10 billion... possibly $11 billion now... meaning much higher tolls... for a far longer period.

The beautiful wording from the democratian:

However, hours after the House voted last week for the debt ceiling bill, Oregon Rep. Peter DeFazio, a senior Democrat on the House transportation committee, was angry at Republicans, as well as the Democratic president. And he was pessimistic about the chances for the one-third share of the bridge costs the federal government was expected to bear.

“I would say that there is a very, very, very, very grim prospect for transportation investment with these people in charge and Obama in the White House, since he won’t stand up to them,” DeFazio told The Associated Press.

He said Republicans want to cut current transportation spending by about a third, leaving little room, if any, for new projects.

However much the GOP cuts (and so far, it ain't been nearly enough) Ridgefield Barbie had better make sure the cuts include this massive waste of billions badly needed elsewhere.
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