Chicago Daily Observer
They should have let the CTA, Metra and Pace cut service and raise fares this week. They still can go ahead with it, and it wouldn’t have been “doomsday.”
This is contrary to the given wisdom about “ticking clocks” and the approach of our ruination. Everyone meekly accepted the idea that fewer buses and trains running in Chicago and suburbs would be a disaster for “all of us.” They RTA board—the overseer of the region’s transit systems—said they no choice but to grab tens of millions of dollars from next year’s budget to keep service going, or else we would have strangled ourselves on—take your pick—traffic gridlock, suffocating fog and economic disaster. Or all of the above.
This is nuts.
Spending next year’s revenues isn’t too far removed from what millions of American homeowners did by taking out mortgages they could barely afford today, never mind when their ...
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