http://blog.tstc.org/2008/11/20/2285/ News and opinion from the Tri-State Transportation Campaign Fri, 10 Feb 2012 23:21:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://blog.tstc.org/2008/11/20/2285/comment-page-1/#comment-845 2008 NY Year In Review: Steady Reform in a Tumultuous Year « Mobilizing the Region Mon, 05 Jan 2009 18:41:50 +0000 http://mobilizingtheregion.wordpress.com/?p=2285#comment-845 [...] needs and increase service, especially for bus riders. At the end of the year, the MTA unveiled a doomsday budget of fare hikes and service cuts that will be staved off only if state elected officials adopt the [...] [...] needs and increase service, especially for bus riders. At the end of the year, the MTA unveiled a doomsday budget of fare hikes and service cuts that will be staved off only if state elected officials adopt the [...]

]]> http://blog.tstc.org/2008/11/20/2285/comment-page-1/#comment-844 Phyllis Benedetto Tue, 09 Dec 2008 02:12:24 +0000 http://mobilizingtheregion.wordpress.com/?p=2285#comment-844 We ran the system into the ground in the 1970's. The debt is for a complete transformation of the system. It is for infrastructure which will survive for generations. That is good debt. The TARP, the bailouts and the subprime is for bad debt. What exactly do we have to show for it? We ran the system into the ground in the 1970′s. The debt is for a complete transformation of the system. It is for infrastructure which will survive for generations. That is good debt. The TARP, the bailouts and the subprime is for bad debt. What exactly do we have to show for it?

]]> http://blog.tstc.org/2008/11/20/2285/comment-page-1/#comment-843 Jerome Thu, 20 Nov 2008 22:38:22 +0000 http://mobilizingtheregion.wordpress.com/?p=2285#comment-843 The reason the MTA has such an enormous debt is because of all the borrowing the MTA did during the Pataki administration. Those bills have now become due, and a huge portion of the budget now goes to paying off that debt and the huge interest on that debt. When Carl McCall warned about this issue when he ran against Pataki, he was completely ignored. Governor Pataki was universally endorsed at that time by every newspaper, politician (including Democrats). and union. It's ironic that the person in this photo is holding up a sign saying "I VOTE." Well, New Yorkers weren't paying attention and didn't care when it really mattered. Voting now isn't going to erase the mistakes from the past. The reason the MTA has such an enormous debt is because of all the borrowing the MTA did during the Pataki administration. Those bills have now become due, and a huge portion of the budget now goes to paying off that debt and the huge interest on that debt. When Carl McCall warned about this issue when he ran against Pataki, he was completely ignored. Governor Pataki was universally endorsed at that time by every newspaper, politician (including Democrats). and union. It’s ironic that the person in this photo is holding up a sign saying “I VOTE.” Well, New Yorkers weren’t paying attention and didn’t care when it really mattered. Voting now isn’t going to erase the mistakes from the past.

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