MESSAGE
| DATE | 2009-03-22 |
| FROM | Michael L Richardson
|
| SUBJECT | Re: [NYLXS - HANGOUT] The evil that is the MTA
|
The whole idea of having different books is you show one to the IRS,
one to the State, one to the Courts, one to the Investors. (very rarely
do the same the same thing).
Read the GUARANTEE: www.paymymortgageearly.com
Amy Coleman wrote:
> They should look at all of them. Thats what I think. Investigate of they
> say they have 2, find more.
>
> On Fri, 20 Mar 2009, Michael L Richardson wrote:
>
>
>> Which set of (MTA) books (I bet there are more than 2 sets) are they going to
>> look at?
>>
>> Read the GUARANTEE: www.paymymortgageearly.com
>>
>>
>>
>>
>> einker wrote:
>>
>>> Amen Brother Michael!
>>>
>>> On Tue, Mar 17, 2009 at 6:03 PM, >>> > wrote:
>>>
>>> Ruben the fokes at the MTA don't care about serving the people.
>>> It's about what they can walk away with.
>>>
>>> On Sun, Mar 15, 2009 at 08:38:44AM -0400, Michael L. Richardson
>>> wrote:
>>>
>>>> Ok what part of this SACRED CASH COW (MTA) don't you understand
>>>> and
>>>> believe in?
>>>>
>>>> Read the GUARANTEE: www.paymymortgageearly.com
>>>>
>>>
>>>
>>>
>>> The plan has all but collapsed in the Sentate and they are
>>> preparing to
>>> do a deep audit of the MTA books. Meanwhile that doesn't expose
>>> their
>>> incompency by firing up useless programs like the stupid digital
>>> signs
>>> that tell you the map which barely work and cost us 2 billion
>>> dollars.
>>>
>>> Today it the day to pound the governors office.
>>>
>>> Ruben
>>>
>>>
>>>>
>>>>
>>>> Ruben Safir wrote:
>>>>
>>>>> The Evil that is the MTA
>>>>>
>>>>> Ruben Safir March 12th, 2009
>>>>>
>>>>> The Metropolitan Transit Authority is the single biggest
>>>>> threat
>>>>>
>>> to the
>>>
>>>>> long term stability of New York City. It has been standing
>>>>> on
>>>>>
>>> the throat
>>>
>>>>> of this city for decades, squeezing the economic life blood
>>>>>
>>> from this
>>>
>>>>> town. It has proven to be an irresponsible steward of this
>>>>> cities
>>>>> transportation network. It has political muscle and
>>>>> protection
>>>>>
>>> unlike
>>>
>>>>> any organization in our government. Unlike a private
>>>>>
>>> enterprise, it has
>>>
>>>>> no need to constrain its budget for the purposes of
>>>>> profitability.
>>>>> Unlike a government organization, it escapes any kind of
>>>>> voter
>>>>>
>>> over site
>>>
>>>>> at the ballot box. We are all victims of the MTA and its
>>>>>
>>> reckless use of
>>>
>>>>> government funds, and misguided priorities. This people, the
>>>>>
>>> voters of
>>>
>>>>> the City of New York, can never give the MTA enough funds to
>>>>>
>>> satiate its
>>>
>>>>> endless budget. Every dollar they acquire, they budget for
>>>>>
>>> completely,
>>>
>>>>> and then they spend one more. The MTA must die if the City
>>>>> of
>>>>>
>>> New York is
>>>
>>>>> to live.
>>>>>
>>>>> First of all, every citizen of this city needs to come to
>>>>>
>>> understand the
>>>
>>>>> basic facts of the MTA. It is an independent authority
>>>>>
>>> chartered under
>>>
>>>>> New York State Law which has no over site. It has an
>>>>>
>>> independent agenda.
>>>
>>>>> That agenda benefits the MTA, and is not designed to benefit
>>>>> New
>>>>> Yorkers. The MTA is not our friend, nor does it respond to
>>>>> our
>>>>>
>>> needs,
>>>
>>>>> and most of all it does not respond to public pressure or
>>>>>
>>> scrutiny. It
>>>
>>>>> borrows money and leaves the bills for the taxpayer and
>>>>>
>>> straphangers. It
>>>
>>>>> subsidizes suburban growth, and leaves the bill for the
>>>>> inner city
>>>>> working class. It buys glitzy toys, like underground radio
>>>>>
>>> systems, a
>>>
>>>>> connection for the LIRR to Grand Central Station along with
>>>>> the
>>>>>
>>> building
>>>
>>>>> of a new level at the terminal, it buys a new extension of
>>>>> the
>>>>>
>>> 7 train to
>>>
>>>>> the Javits Center, new cars with digital signage, elevators,
>>>>> and
>>>>> electronic billboards, it builds a completely uneeded new
>>>>>
>>> station complex
>>>
>>>>> at Fulton
>>>>> Street to bribe politicians who can't figure out how to
>>>>> rebuild
>>>>>
>>> the WTC,
>>>
>>>>> but it ignores basic safety and traffic needs like switches
>>>>> and
>>>>>
>>> steel
>>>
>>>>> rails,
>>>>> station maintenance, and subway cars with enough signs to
>>>>> know what
>>>>> train your hoping on without needing to look over the
>>>>> platform
>>>>>
>>> with the
>>>
>>>>> train arriving. And then they spend hundreds of millions of
>>>>>
>>> dollars to
>>>
>>>>> preach to us. Don’t run up the escalator, Don’t lean over
>>>>> the
>>>>>
>>> platform
>>>
>>>>> (so then how do we know what train is coming since they have
>>>>>
>>> removed
>>>
>>>>> most of the side car signage), don’t walk between cars
>>>>> (which
>>>>>
>>> was really
>>>
>>>>> useful at stopping over crowding for nearly a hundred years
>>>>>
>>> before some
>>>
>>>>> idiot decided it was too dangerous), pick up your trash, and
>>>>>
>>> give your
>>>
>>>>> seat to a pregnant women.
>>>>>
>>>>> Enough. We can’t take it any more. In 2000 the MTA tried to
>>>>> ram
>>>>>
>>> part two
>>>
>>>>> of its capital budget program down our throats, by
>>>>> permitting
>>>>>
>>> the MTA
>>>
>>>>> more borrowing than it could ever afford, about 1.6 billion
>>>>>
>>> dollars with
>>>
>>>>> another 2.2 billion dollars of pork for upstate highways and
>>>>>
>>> roads. It
>>>
>>>>> was rejected soundly by the voters of New York State. But
>>>>> the
>>>>>
>>> MTA is
>>>
>>>>> like a fly. If you swat it away, it just comes back. In 2005
>>>>>
>>> the MTA
>>>
>>>>> launched an “education program†for yet another statewide
>>>>>
>>> referendum,
>>>
>>>>> this time worth 2.9 billion dollars in funding. In 1995 the
>>>>> New
>>>>>
>>> York
>>>
>>>>> Times reported that State lawmakers were aghast at the 4.5
>>>>> billion
>>>>> dollars that the MTA would need to borrow between 1997 and
>>>>>
>>> 1999. That’s
>>>
>>>>> right, we’ve been playing this game for a very long time.
>>>>> And
>>>>>
>>> the major
>>>
>>>>> infrastructure we got was the retirement of the perfectly
>>>>>
>>> usable Red
>>>
>>>>> Bird Cars on the IRT, and the completely unnecessary
>>>>> electronic
>>>>>
>>> signal
>>>
>>>>> system for the ‘L’ train. Is it that hard to safely run
>>>>> trains on a
>>>>> line that has exactly one outbound and one inbound track
>>>>> that
>>>>>
>>> we had
>>>
>>>>> to pay almost a billion dollars for it? And with looming
>>>>>
>>> service cutbacks
>>>
>>>>> was it worth it? And the station rehabilitations that were
>>>>>
>>> necessary,
>>>
>>>>> did we get them? Well? Maybe, sort of. They cost us way to
>>>>> much and
>>>>> took way too long according to Joseph Rappaport of the
>>>>> Straphangers
>>>>> Campaign “All we’re getting in station rehabs is what we
>>>>> were
>>>>>
>>> already
>>>
>>>>> promised, and we’re getting it three years late and having
>>>>> to
>>>>>
>>> shell out
>>>
>>>>> more in the fare to get it.â€
>>>>>
>>>>> In 2003 the MTA attempted to side step the whole process
>>>>> when
>>>>>
>>> it created
>>>
>>>>> YET ANOTHER corporation in their authority with the creation
>>>>> of the
>>>>> Capital Construction Company with responsibility for
>>>>> overseeing
>>>>>
>>> system
>>>
>>>>> expansion projects for all MTA companies and managing their
>>>>>
>>> bonds. The
>>>
>>>>> latest
>>>>> plan for the MTA is for the state to do the same for the
>>>>> bond
>>>>>
>>> driven
>>>
>>>>> capital program through a charter. So then we’ll have yet
>>>>> another
>>>>> organization completely disenfranchised from the City’s
>>>>>
>>> electorate or
>>>
>>>>> even sensitive to the operations or fare burden, and which
>>>>> can
>>>>>
>>> raise fares
>>>
>>>>> and taxes without any over site whatsoever. Oh, and for
>>>>> those not
>>>>> watching, you should note that the latest Richard Ravitch
>>>>> plan
>>>>>
>>> calls for
>>>
>>>>> the elimination of public hearings for fare hikes.
>>>>>
>>>>> Don’t you love the Metrocard. Fares can be raised at will
>>>>> with
>>>>>
>>> a few key
>>>
>>>>> strokes.
>>>>>
>>>>> Yet between 1981 and 1991 over 16 billion dollars was spent
>>>>> on MTA
>>>>> capitalization. And that barely made a dent. The 2001
>>>>> capital
>>>>>
>>> program
>>>
>>>>> borrowed money for a 1.1 billion dollar expansion of the
>>>>> LIRR
>>>>>
>>> to reach
>>>
>>>>> Grand Central Station. Who from the city would want this at
>>>>> the
>>>>>
>>> cost of
>>>
>>>>> a 2 dollar fare hike and service shutdowns? But these
>>>>> proposals go
>>>>> through the Capital Program review board which the Mayor is
>>>>>
>>> outnumbered
>>>
>>>>> by statewide office holders 3 to 1. And that is how we get
>>>>> this
>>>>>
>>> shoved
>>>
>>>>> down our throats. And when horse trading erupted over the
>>>>> 2nd
>>>>>
>>> avenue
>>>
>>>>> subway for the LIRR expansion the MTA responded with a two
>>>>> tier
>>>>>
>>> bond
>>>
>>>>> program that brought out older less expensive dept for a
>>>>>
>>> greater new
>>>
>>>>> bond act over a longer time. Predictions at the time were
>>>>> that this
>>>>> massive debt would cause fares to skyrocket up to $4.00. But
>>>>>
>>> that is not
>>>
>>>>> the MTA’s problem. Its just the problem of the poor guy
>>>>>
>>> schlepping to
>>>
>>>>> work or ibringing his family around to the museum from
>>>>> Brooklyn and
>>>>> Queens. It was known as a fact that this program would put
>>>>> massive
>>>>> pressure on MTA’s
>>>>> finances between 2005-2009, just as it has. And the program
>>>>> in
>>>>>
>>> 2000 was
>>>
>>>>> decried by everyone in the know about the MTA including the
>>>>>
>>> then former
>>>
>>>>> MTA chair Robert R. Kiley and Gene Russianoff, the same
>>>>> lawyer
>>>>>
>>> pushing
>>>
>>>>> not for east river bridge tolls, and who both wrote jointly
>>>>> at
>>>>>
>>> the time,
>>>
>>>>> “In sum, it is our conclusion that the plan not only does
>>>>> not
>>>>>
>>> fund new
>>>
>>>>> capacity, it threatens the ability of the MTA to continue
>>>>> its
>>>>>
>>> State of
>>>
>>>>> Good Repair program for this and future plans.â€
>>>>>
>>>>> Need to see more? In February of 2004 the Mayor took the MTA
>>>>> to
>>>>>
>>> court to
>>>
>>>>> stop it from funneling monies for the Subway to buy new
>>>>> Metro
>>>>>
>>> North cars
>>>
>>>>> (NY Times: Feb 26th, 2004). The New York Times wrote then:
>>>>>
>>>>> The mayor is trying to exert influence on an obscure state
>>>>>
>>> panel that
>>>
>>>>> has the power to deny the $230 million in financing that the
>>>>> Metropolitan Transportation Authority needs for the new rail
>>>>>
>>> cars. He is
>>>
>>>>> also considering going to court over the issue if necessary,
>>>>>
>>> according
>>>
>>>>> to a senior aide to Mr. Bloomberg who spoke only on
>>>>> condition of
>>>>> anonymity.
>>>>>
>>>>> Then in December of 2004 the Times published this:
>>>>>
>>>>> Four years ago, the governor of New York and leading state
>>>>>
>>> legislators
>>>
>>>>> gave permission for the Metropolitan Transportation
>>>>> Authority
>>>>>
>>> to pay off
>>>
>>>>> old bonds by borrowing $14 billion, creating a steep pile of
>>>>>
>>> new debt
>>>
>>>>> for a transit system filled with ancient structures,
>>>>> middle-aged
>>>>> equipment and little money to replace them.
>>>>>
>>>>> Today, with the M.T.A. facing short- and long-range
>>>>> financial
>>>>>
>>> crises,
>>>
>>>>> the public benefit of that decision remains a matter of
>>>>> vigorous
>>>>> dispute.
>>>>>
>>>>> On April 3rd, 2000 the Times published this little tidbit:
>>>>>
>>>>> In the last month, government and private analysts have
>>>>> developed a
>>>>> striking consensus that the Metropolitan Transportation
>>>>> Authority’s
>>>>> five-year, $16.5 billion capital improvement plan is a
>>>>> disaster-in-waiting, built on a mountain of borrowed money,
>>>>>
>>> that would
>>>
>>>>> force a major fare increase.
>>>>>
>>>>> They say the crush of debt would cripple the authority’s
>>>>>
>>> ability to keep
>>>
>>>>> New York City’s subways and buses and the commuter railroads
>>>>> in
>>>>>
>>> good
>>>
>>>>> repair, and would make the financing of future capital plans
>>>>> nearly
>>>>> impossible. The plan would require by far the largest sale
>>>>> of
>>>>>
>>> municipal
>>>
>>>>> bonds in history, more than $20 billion.
>>>>>
>>>>> October 3rd, 2004:
>>>>>
>>>>> The Metropolitan Transportation Authority is projecting
>>>>> budget
>>>>>
>>> deficits
>>>
>>>>> of more than a billion dollars in the coming years, and
>>>>> another
>>>>>
>>> round of
>>>
>>>>> fare increases and service cuts appears imminent. But now
>>>>>
>>> transportation
>>>
>>>>> authority officials want to spend even more money to
>>>>> continue to
>>>>> maintain the system, and even the authority’s critics are
>>>>>
>>> hard-pressed
>>>
>>>>> to fault them for it.
>>>>>
>>>>> The trouble is, no one has quite figured out how to pay for
>>>>> the
>>>>> improvements.
>>>>>
>>>>> “I don’t think there’s any question that more money is
>>>>> needed
>>>>>
>>> for the
>>>
>>>>> system’s operation and for upkeep and maintenance,†said
>>>>> Doug
>>>>>
>>> Turetsky,
>>>
>>>>> a spokesman for the Independent Budget Office, a nonpartisan
>>>>> city
>>>>> agency, on the financial quandary. “The question is where
>>>>> those
>>>>> resources are going to come from.â€
>>>>>
>>>>> On the authority’s shopping list: more than $17 billion in
>>>>> system
>>>>> upgrades and replacement of old equipment, $500 million for
>>>>>
>>> security
>>>
>>>>> improvements and several billion dollars for expansion
>>>>> projects,
>>>>> including the building of the first phase of the
>>>>> long-awaited
>>>>>
>>> Second
>>>
>>>>> Avenue subway and connecting the Long Island Rail Road with
>>>>> Grand
>>>>> Central Terminal.
>>>>>
>>>>> It is all part of the authority’s proposed five-year capital
>>>>>
>>> improvement
>>>
>>>>> plan for 2005 to 2009, sent to Albany last week for
>>>>> approval.
>>>>>
>>> Making his
>>>
>>>>> priority clear, Peter S. Kalikow, the authority’s chairman,
>>>>> said he
>>>>> would be willing to sacrifice the highly publicized
>>>>> expansion
>>>>>
>>> projects
>>>
>>>>> if it meant protecting the $17 billion for the existing
>>>>> system.
>>>>>
>>>>> “This is the minimum number that we will accept,†he said
>>>>>
>>> Wednesday at
>>>
>>>>> the authority’s board meeting. “It’s the minimum number to
>>>>> keep the
>>>>> system running.â€
>>>>>
>>>>> It will be up to lawmakers, however, to wrangle over how to
>>>>>
>>> come up with
>>>
>>>>> the money, or if they even can.
>>>>>
>>>>> The problem is a familiar one for the authority. Similar
>>>>>
>>> hand-wringing
>>>
>>>>> accompanied the passage of the authority’s current $19
>>>>> billion
>>>>>
>>> capital
>>>
>>>>> program for 2000 to 2004. In the end, much of that program
>>>>> was
>>>>>
>>> paid for
>>>
>>>>> by bonds, repaid out of riders’ fares. But that has left the
>>>>>
>>> authority
>>>
>>>>> facing a mountain of debt. Payments coming due on that debt
>>>>> are
>>>>>
>>> at the
>>>
>>>>> core of the authority’s struggle with its operating budget.
>>>>>
>>>>> As Gene Russianoff, a staff lawyer for the Straphangers
>>>>> Campaign, a
>>>>> transit advocacy group, put it, “Their credit card is maxed
>>>>> out.â€
>>>>>
>>>>> Authority officials have made clear that issuing more debt,
>>>>>
>>> paid for by
>>>
>>>>> riders, would be extremely difficult, if not impossible.
>>>>>
>>>>> October 25th, 2005:
>>>>>
>>>>> New York’s city and suburban transit network faces enormous,
>>>>> fast-growing debts and budget deficits, with no clear plan
>>>>> for
>>>>> addressing them. It raised fares last year, plans to raise
>>>>> them
>>>>>
>>> again
>>>
>>>>> next year and warns that it may do so again in 2006.
>>>>>
>>>>> This is not a surprise to people who monitor the
>>>>> Metropolitan
>>>>> Transportation Authority. The current situation was
>>>>> predicted
>>>>>
>>> four years
>>>
>>>>> ago by, among others, former top transit officials, fiscal
>>>>>
>>> watchdogs
>>>
>>>>> like the Independent Budget Office and the Citizens Budget
>>>>>
>>> Commission,
>>>
>>>>> the state comptroller, business groups like the New York
>>>>> City
>>>>> Partnership and transit advocates like the Regional Plan
>>>>>
>>> Association and
>>>
>>>>> the Straphangers Campaign.
>>>>>
>>>>> The financial problems, critics contend, are the direct
>>>>> result
>>>>>
>>> of more
>>>
>>>>> than a decade of policies by New York State, New York City,
>>>>> and the
>>>>> authority, which operates the city’s subways, buses, bridges
>>>>> and
>>>>> tunnels, and the Metro-North and Long Island commuter
>>>>> railroads. In
>>>>> particular, they point to a $17 billion capital maintenance
>>>>> and
>>>>> expansion program adopted four years ago that was broadly
>>>>>
>>> denounced at
>>>
>>>>> the time as a fiscal time bomb.
>>>>>
>>>>> March 6th 2003:
>>>>>
>>>>> The decision of transit officials to propose substantial
>>>>> fare
>>>>>
>>> increases
>>>
>>>>> to close a budget shortfall has not ended a bitter political
>>>>>
>>> fight about
>>>
>>>>> whether the public should be given more information about
>>>>> the
>>>>> Metropolitan Transportation Authority’s budget.
>>>>>
>>>>> The state comptroller, Alan G. Hevesi, a Democrat, has
>>>>>
>>> subpoenaed 18
>>>
>>>>> cartons of budget documents from the authority and forced
>>>>> three
>>>>>
>>> of its
>>>
>>>>> top budget officials to give lengthy depositions about their
>>>>> bookkeeping. He vowed today to continue that inquiry to its
>>>>>
>>> conclusion
>>>
>>>>> no matter what the authority’s board decides on Thursday
>>>>> when
>>>>>
>>> it votes
>>>
>>>>> on the fare increase.
>>>>>
>>>>> Both Mr. Hevesi and the New York City comptroller, William
>>>>> C.
>>>>>
>>> Thompson
>>>
>>>>> Jr., called on the authority’s board to postpone the vote
>>>>>
>>> Thursday until
>>>
>>>>> Mr. Hevesi’s office completed its review of the authority’s
>>>>> books.
>>>>>
>>>>> MTA debt is what is driving up the fares of the MTA. They
>>>>> have been
>>>>> rolling in public financed doe through out the fat years and
>>>>>
>>> now they
>>>
>>>>> must face the reality of a deep recession and a declining
>>>>> City
>>>>>
>>> economy.
>>>
>>>>> And it is LONG time for New York City to get its SUBWAY BACK
>>>>>
>>> without the
>>>
>>>>> interference of Albany. It is time for the Queen of Hearts
>>>>> and
>>>>>
>>> to stop
>>>
>>>>> the lies that our current state legislator is somehow
>>>>>
>>> responsible for
>>>
>>>>> the MTA’s crimes. If a massive fair hike comes on March
>>>>> 25th,
>>>>>
>>> it will be
>>>
>>>>> squarely the fault of the MTA. OFF WITH THEIR HEADS. It is
>>>>> high
>>>>>
>>> time to
>>>
>>>>> end the MTA
>>>>>
>>>>>
>>> --
>>> http: //www.mrbrklyn.com - Interesting Stuff
>>> http: //www.nylxs.com - Leadership Development in Free Software
>>>
>>> So many immigrant groups have swept through our town that
>>> Brooklyn, like
>>> Atlantis, reaches mythological proportions in the mind of the
>>> world - RI Safir
>>> 1998
>>>
>>> http://fairuse.nylxs.com DRM is THEFT - We are the STAKEHOLDERS -
>>> RI Safir
>>> 2002
>>>
>>> "Yeah - I write Free Software...so SUE ME"
>>>
>>> "The tremendous problem we face is that we are becoming
>>> sharecroppers to our
>>> own cultural heritage -- we need the ability to participate in our
>>> own
>>> society."
>>>
>>> "> I'm an engineer. I choose the best tool for the job, politics
>>> be damned.<
>>> You must be a stupid engineer then, because politcs and technology
>>> have been
>>> attached at the hip since the 1st dynasty in Ancient Egypt. I
>>> guess you missed
>>> that one."
>>>
>>> © Copyright for the Digital Millennium
>>>
>>>
>>>
>>> --
>>> Read the GUARANTEE: www.paymymortgageearly.com
>>>
>>>
>>>
>>>
>>>
>>> --
>>> Regards,
>>>
>>> Evan M. Inker
>>>
|
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