As pointed out by Abel Harding in a recent Florida Times Union blog entry, Florida and Jacksonville taxpayers are on the hook for $918,000 in incentive money given in 2006 to commercial lender CIT Group Inc which is now in the 5th largest bankruptcy in U.S. history. There is no word on whether the Jacksonville taxpayer will get any return on its “investment”, i.e. jobs promised in return for the incentive money, even though this seems unlikely now. Wouldn’t we have more fun if the government would simply throw all our money in a pit and set it on fire so that we could at least roast marshmallows over the flames and sing “Kumbaya” together?









If you want to know what is wrong with city government spending in Jacksonville, take a look at bill 