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| Re: part 2: PHOTOS: Pennsauken Transit Center (1253585) | |||
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Re: part 2: PHOTOS: Pennsauken Transit Center |
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Posted by Bill West on Wed Oct 16 01:15:30 2013, in response to Re: part 2: PHOTOS: Pennsauken Transit Center, posted by WillD on Tue Oct 15 21:18:14 2013. 1. Yes transport politicos have separated capital from O&M but they are only deceiving themselves. If the outfit you put your 401k into used their revenue over O&M to tell you their profits would you be impressed when you retired and found out that they hadn't earned enough to repay the capital? In a private outfit this would result in the attorney general filing criminal charges for fraudulent accounting. It's no less dishonest to the public when politicos do it.Our local politicos can't tell the public their $3 bus ride costs $8 but they readily sneak the other $5 out of everybody's back pocket. Do you think the false costs help our economic decision making? 2. Yes the line runs 7 days but the weekend trips are just bonus service received by the weekday users, for which the fares probably don't even cover the extra O&M. The work week load sets the total system cost and is better at revealing the number of distinct citizens served on a recurring basis. Bill |
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