The public discussion about ARC is rather misleading. For example, If one were to ask the question, "Would you like to go to Hawaii?" in isolation, barring a fear of coconuts, the answer is likely to be "yes." Since there are no negative consequences to answering "yes," it is the logical answer to the question.
However, if the consequences of that decision were made more clear, and the question were given some context, the answer may to be different. For example, if one were to ask, "Would you like to vacation in Hawaii if it meant you couldn't afford necessary house or car repairs?" What would the answer be? Context is everything.
The ARC will cost somewhere in the neighborhood of $50 million. The question to be asked is not "Is ARC worth $50M?" The correct question to be asked is, "What other projects won't get funded if we spend $50M on ARC?" The answer may be rather surprising. Viewer discretion advised.Read More