Quote:
Originally Posted by LosAngelesSportsFan
Im all for it as long as its a coordinated effort to replace the aging sewer system, underground the wires then rebuild the streets and sidewalks....in that order, which isn't always a given in LA
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The theory behind maintenance is to fund CURRENT needs, with the expenditures matched to current revenues. If you spend FUTURE revenues now, you don't have any money for repairs next year and the following 20 or 30.
This is the kind of spending that is very common in 3rd world countries and leads to their constant state of bankruptcy and disrepair. It would also lead to the rapid bankruptcy of any business, but would never happen since it is so obviously nonsensical (try building a 20 year plan showing slowly increasing maintenance costs plus interest and all the revenue spent the first year).