Re:The Growth Ponzi Scheme
by treis on Sunday July 04, 2021 @05:54PM
(#27732934)
That's not really the point. A Ponzi scheme at some point blows up and everything falls apart. But their worst case is the suburbs have to fill <10% of their budget.
[ Parent
| on HN ]
No, if the replacement cost is not being factored into to the ongoing costs then it isn't "they just need to double their infrastructure budget" to fix it. They needed to do that over 20 years, the entire lifetime of the infastructure. Every year where the 'true' cost is not being paid means even higher costs later.