Conservative American blogs have created a significant buzz over the issue of a “Chinese Takeover” of America and much of the fear mongering is centered in Boise–thanks to statements by politicos seeking the almighty Renminbi.
Some of those concerns have a foundation in fact. In reality, the situation so far is much like the Japanese spending frenzy of the 1980’s when much of Hawaiian commercial property was sold to huge Japanese firms and the Asian auto makers built plants throughout America.
Boise City officials used public money to encourage support of a constitutional amendment in 2010 that enabled airports like Boise’s to go into debt without a vote of the people.
GUARDIAN editor David R. Frazier had successfully sued Boise to prevent long term debt obligations without a vote of the citizens. The Idaho Supreme Court agreed with Frazier and issued the “Frazier Decision” in 2006 which mandated elections, keeping in line with the Idaho Constitution.
The legislature subsequently passed the amendment which exempted airports, public hospitals, and power generating facilities, from the constitutional mandate to seek permission from voters before entering into debt. A simple majority of voters passed the measure at the November 2010 election–they got what they voted for.
The efforts of the politicos were successful. The voting rights of citizens were abolished and now cities can sell bonds (debt) to build anything connected to an airport, lease land, buildings, etc. to be repaid by rent payments. The hidden agenda was obviously aimed at using the public resources to benefit business–even Chinese Communist business.
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