So to sum up, the infrastructure of the US is crap. No municipality or water district can afford to fix it. Also they can't raise taxes because they are already losing their tax base. The federales are busy wasting our tax money on obsolete industries.
Perhaps the solution is the one that is already happening in Detroit, bail our or not, where half the city is now empty. There is no need for infrastructure there, just pull down the vacant buildings, sell the scrap to China, and plant grass.
san francisco too. THe countries system is so ripe for ongoing major failures due to its age. Its too bad its cooincided a time when municipal finances are horrible. No money to finance them even if they need it bad. That means long slow recovery for MWA. Hence the huge push by the CEO to clean up the balance sheet and make sure MWA is a survivor when it does (meaning it is imminent) happen. Imminent is a good variable to have on your side when investing. Now its just time.
>Its too bad its cooincided a time when municipal finances are >horrible. No money to finance them even if they need it bad.
It will eventually get to the point where people start complaining, and it will become a political issue. That, and the finance folks will eventually realize that it makes more sense to replace the pipe than it does to constantly have to repair it, and endanger peoples' health in the meantime.
Reading stories like this reminds me of the 2008 movie "City of Ember", where Bill Murray played the corrupt mayor. In that story, they had been using cloth to "bandage" broken pipes for years - a neverending process.
It is happening all over Los Angeles also, and you can bet every metropolitan area has problems because of the overcrowding of he cities putting excess strain on the water mains and infrastructure. Problem is, these are the shovel ready projects that Obama said the stimulus money was going for, yea right. The money is being spent on government buildings by government employees who just happen to be union members.