State Capitalism

Taxpayer Expense

According to this celebratory article, tender readers are led to believe various levels of government pitched a combined total of $9 million of the $100+ million projected price tag when in truth, private funding totals only $11.5 million of the $50 million raised so far leaving public sources i.e., federal, state and local taxpayers, pledging the difference of roughly 77% (give or take a few points) of the venture capital raised at this juncture.

Via Rock Netroots: As Government Shines In New Industry, Paul Ryan Shows Up.