Federal Bailout the MTA?

http://www.nbcnewyork.com/syndication?id=36806859&path=%2Fnews%2Fbusiness

Hell, why not?  If banks, auto manufacturers, and more are all bellying up to the pork buffet, why can’t the MTA?

Senator Chuck Schumer wants the federal government to write a check for a few billion dollars to bail out the MTA.

Just think, this could have been done back when Congestion Pricing was all the rage.  It wouldn’t have been a bailout either.  Under the Congestion Pricing plan, the city would have received a massive grant to fund the building of the infrastructure to get the system off the ground…to the tune of $500 million.  Much of it would have also went to improving services to handle the expected increase in ridership.

Then, the city would have created a new and massive revenue source…all of the congestion pricing fees (taxes) that could have been funneled right back into maintaining the MTA services.

But noooo…we had to block that.  F*cking idiots.  Everyone who opposed that plan should be booted out of office.

Would it have completely avoided the current crisis?  Probably not, but it would have done a ton to make it better.  The estimated yearly revenue generated from the congestion pricing plan is around $491 million.  That would have gone a long way to helping get us out of the disaster we are currently lost in.