if the Government guaranteed piece is systematically underpriced, then no matter what else you do, you are not going to get private capital to come in in that context.
Editor's note · Context
Toomey emphasizes the necessity of appropriately priced government guarantees to attract private capital.
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I have no doubt that a few years after these projects are completed, transit agencies will come back to Congress pleading for still more subsidies to operate systems that have become far too large for the demand.
It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.
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