Flutterby™! : Indiana's bankrupt toll road

Chuck Marohn in The American Conservative: Indiana’s Toll Road Goes Bankrupt:

The ITR bankruptcy should teach us, first and foremost, that building more roads is really stupid. While the government it not compelled to maximize profit, when it comes to building and maintaining public infrastructure its revenues must be equal to or greater than its expenses (the latter condition is known, in accounting terms, as “profit”). If the government doesn’t collect enough money through taxes and fees to build and maintain public infrastructure, it falls apart, altruistic motives or not.

Maybe privatizing some of these really dumb decisions is a good idea after all...