Thursday, August 26, 2010

Proof The Corporate Welfare Application Is Less Demanding Than Individual Welfare Application

Fayette County is providing multi-millon dollar corporate welfare to a huge company whose ostentatiously wealthy founder is a former Fayette commissioner (and has been a major funder of at least one current commissioner).

The details?

One consultant opined that the credit arrangement involved "no financial obligation" for the taxpayers; another the same consultant indicated that "the state would dip into a discretionary pool of CDBG funding, if necessary, to pay off the loan;" and the welfare recipient amplified the point about an absence of financial risk to taxpayers by declaring that, without the government assistance, the company "anticipates that it will cease operations and be forced to liquidate."

If a young, single mother submitted that application, any doubt she'd be arrested for fraud?

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