NYC city public transit facing "death spiral"

Something too few are talking about: how we waste huge sums on military spending but badly short change transportation public works


Hit & Run -New York City's public transit is facing a "death spiral" according to the person in charge of running it.

According to a recent Bloomberg report, Andy Byford—CEO of the New York City Transit Authority, a subunit of the state's Metropolitan Transportation Authority (MTA)—has been telling anyone who will listen that the city's subway needs an infusion of $40 billion over 10 years to buy new trains, new signals, and otherwise shore up a system in a desperate state of disrepair.

Without that money, Byford argues, MTA will have to cut service and raise fares, leading to a self-perpetuating cycle of exiting riders and higher fares that could bring the whole transit system down—you know, a death spiral.