Thursday, March 29, 2007
'Financial dysfunction'
Some thoughts on the finanicial crisis now facing Massachusetts' transportation system:
1.) Fees, tolls and taxes may well have to be raised to solve some of the problems.
2.) Masssive additional reforms are critical to address the 'bloated costs, sketchy financial practices' within the system.
3.) Any move to implement "1.)" without "2.)" should be resisted at all costs. The management of the system has been a disgrace. The operationl costs, including union and bureaucratic perks in general, are obscene. They've literally been borrowing and tearing up rail lines to keep the system and bureaucracy afloat.
4.) I seriously doubt "2.)" will be implemented. The More Money Solves All Problems crowd is already clamoring for more dough.
5.) The Big Dig is expected to end up costing in the vicinity of $16 billion -- roughly the size of the deficit we're now beholding. There's obviously not an exact correlation. But there is some correlation.
6.) What a friggin' mess and disgrace.
Update -- Great minds think alike: 'Massachusetts's Transportation Money Pit' ...
Some thoughts on the finanicial crisis now facing Massachusetts' transportation system:
1.) Fees, tolls and taxes may well have to be raised to solve some of the problems.
2.) Masssive additional reforms are critical to address the 'bloated costs, sketchy financial practices' within the system.
3.) Any move to implement "1.)" without "2.)" should be resisted at all costs. The management of the system has been a disgrace. The operationl costs, including union and bureaucratic perks in general, are obscene. They've literally been borrowing and tearing up rail lines to keep the system and bureaucracy afloat.
4.) I seriously doubt "2.)" will be implemented. The More Money Solves All Problems crowd is already clamoring for more dough.
5.) The Big Dig is expected to end up costing in the vicinity of $16 billion -- roughly the size of the deficit we're now beholding. There's obviously not an exact correlation. But there is some correlation.
6.) What a friggin' mess and disgrace.
Update -- Great minds think alike: 'Massachusetts's Transportation Money Pit' ...
