Friday 21 December 2012

Personal Finance Topics

Personal Finance Topics Biography

Main article: Gravina Island Bridge
In 2005, before Palin was elected governor, Congress passed an omnibus spending bill that contained a $442-million earmark for constructing two Alaska bridges. The Gravina Island Bridge, intended to provide a link between the Ketchikan airport on Gravina Island and the city of Ketchikan at a cost of $233 million in Federal grant money, received nationwide attention as a symbol of pork-barrel spending. As the island only has a population of 50, the bridge became known as the "Bridge to Nowhere." The public furor led to Congress removing the earmarks, but retaining the allotted funds to Alaska as part of its general transportation fund.[108]


Palin holding a t-shirt while visiting Ketchikan during her Gubernatorial campaign in 2006; the ZIP code for the area is 99901.
In 2006, Palin ran for governor with a "build-the-bridge" plank in her platform,[109] saying she would "not allow the spinmeisters to turn this project ... into something that's so negative."[110] Palin criticized the use of the word "nowhere" as insulting to local residents[109][111] and urged speedy work on building the infrastructure "while our congressional delegation is in a strong position to assist."[111]
As governor, Palin canceled the Gravina Island Bridge in September 2007, saying that Congress had "little interest in spending any more money" due to "inaccurate portrayals of the projects."[112] Alaska did not return the $442 million in federal transportation funds.[113]
In 2008, as a vice-presidential candidate, Palin characterized her position as having told Congress "thanks, but no thanks, on that bridge to nowhere." A number of Ketchikan residents said that the claim was false and a betrayal of Palin's previous support for their community.[113] Some critics said that her statement was misleading, as she had expressed support for the spending project and kept the federal money after the project was canceled.[114] Palin was criticized for allowing construction of a 3-mile access road, built with $25 million in federal transportation funds set aside as part of the original bridge project, to continue. A spokesman for Alaska's Department of Transportation said that it was within Palin's power to cancel the road project, but noted that the state was still considering cheaper designs to complete the bridge project, and that in any case, the road would open up the surrounding lands for development.[115][116]
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1 comment:

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