The Huffington Post's Dave Jamieson appeared Thursday on MSNBC's 'The Dylan Ratigan Show' to discuss why states are selling their toll roads to Wall Street.
The deals seem beneficial, but end up hurting states in the long run, Jamieson explained.
"You may get 3.8 billion dollars upfront but you may very well burn through that money in 10 or 15 years," he said. "And then after that you no longer than have the power to levy tolls on drivers and all that money is going to end up going to the private investors."
Explaining the draw of road privatization, Jamieson said, "The states wind up looking at these deals because they're in really desperate situations and that's never a spot where you want to be negotiating from."
WATCH (via MSNBC):