Globe catches up with BostonNow, declares MBTA broke
It's good the Globe has a transportation reporter again, maybe they'll stop getting scooped by BostonNow by a month. Compare today's Globe story on how Dan Grabauskas says the T is broke with BostonNow's Jan. 9 story on how Dan Grabauskas says the T is broke.
But speaking of our bankrupt transportation authority, the Outraged Liberal says it's time to stick a fork in Grabauskas. TJIC doesn't express much sympathy for him, either.
133%
I did the math, their debt load is 133% of what the entire MBTA system is worth.
Lawmakers' Fantasy
I can play the Greek chorus again. The legislature set the T debt and mandated it pay its own way...based on crazy sales-tax growth. The same lawmakers have let this drag on, knowing they made a colossal blunder. It is unworkable, unworkable, unworkable.
Even with a competent board and manager (neither of which we have), it is unworkable, unworkable.
Maybe if they collected
Maybe if they collected fares consistently on the commuter rail, it would help a little!
You mean, "collected fares
You mean, "collected fares consistently anywhere" right?