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| Re: M.T.A. Cuts Delay Some Big Projects Until 2010 (639267) | |||
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Re: M.T.A. Cuts Delay Some Big Projects Until 2010 |
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Posted by j trainloco on Tue Jun 24 22:18:52 2008, in response to Re: M.T.A. Cuts Delay Some Big Projects Until 2010, posted by Broadway Lion on Tue Jun 24 11:40:31 2008. ION does not object to borrowing for infrastructure, it is right and proper that such expenses be amortized over 30 to 50 years. But NO BORROWING for operating costs. Those must be paid as you go, but they too must be paid: Both from the fare box and from the tax jar.The LION would be well advised that the MTA cannot operate in the red, by law. (READ: they cannot borrow for operating costs). The LION would also be advised that the more you borrow TODAY, the more you have to pay under the heading "operating costs". (part of MTA's problem these days: much of the work done to climb out of the problem created by deferred maintenance was paid for through debt). I'm sure even LIONs know that you can't borrow money limitlessly. |
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