If architects built stadiums with the kind of slipshod reasoning and rickety blueprints that politicians employ to finance them, sports arenas would collapse before the first fans entered.
For the latest display of shaky foundations supporting the case to spend public money for private gain, witness the feeble arguments for a new Vikings stadium made by Minneapolis Mayor R.T. Rybak and Council President Barbara Johnson ("The best plan for Vikings, at the fairest cost," Feb. 14).
They assure the public that the Minneapolis financial plan "requires no new stadium or local taxes."
Really? What's the difference between old money and new money when the topic is a claim on the public purse? Money is money. Dollars diverted from existing revenue streams to further enrich Zygi Wilf and his players is money that could be spent on public purposes -- from filling potholes to rebuilding tumbledown schools.
Want to "create" thousands of construction jobs? Minneapolis is awash in long-postponed capital projects. Let's set to work on those.
Indeed, politicians should ask this question with any spending plans: What offers the greatest return on a public investment?
The answer to that is clear and, at least among economists, uncontroversial. To expand educational opportunities to children, before they enter kindergarten, yields public gains on many fronts. To name only two:
Children then are more likely to complete their education. (Dropouts are all but doomed in today's job market.)