No one is talking about taking out a $1 billion loan up front. According to the story, the city was considering $250 to $750 million last March. Now it is only considering $250 million to $300 million.
That means most of the $922 million backlog will not get done. Anyone who owns a house knows about backlogs. You do what you can when you can.
It sounds like the Mayor is being realistic about how much money is available. Next will be hard choices about what parts of the backlog get addressed and what parts don't.
Making those decisions will require us all to be adults and not misrepresent the facts.
It is worth noting that Ross Mason is a Fellow with Newt Gingrich's healthcare "think" tank.
http://www.healthtransformation.net/cs/CHTfellowRossMason
This provides some context to Ayn Rand like statements about abolishing the income tax and worshiping the 3,000 "innovators" who are allegedly driving the U.S. economy while the rest of us are - presumably - freeloading.