When I bought my computer, it came with a printer costing me no more than $20. At the time I thought “Sweet, free printer!” But since using the printer, I’ve had to frequently purchase ink costing $60 a pop. Over the life-cycle of the printer, I’ve realized I’ve spent more in the printer and ink combined than had I purchased a laser printer costing $250. The upfront costs of a more expensive printer are significant, as is the toner, but I would end up paying less than the subsidized printer in the long run. In other words, I was seduced by the free machine that ended up costing me a lot of money.
Here is the connection to Strong Towns. Federal and State subsidized projects are like the $20 printer. Initially communities think “Sweet, free bridge.” But, once you figure the cost of keeping the bridge in working order, it turns out to be a major expense for communities. This is an expense that if a community couldn’t fund the bridge to begin with, likely wouldn’t have the wherewithal to maintain.
Solution: Purchase the bridge (printer) at full cost, without a subsidy. If you can do that, then you can likely afford the cost of maintenance (ink).