MESSAGE
DATE | 2009-03-22 |
FROM | Michael L Richardson
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SUBJECT | Re: [NYLXS - HANGOUT] The evil that is the MTA
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Thats say the same thing.
Read the GUARANTEE: www.paymymortgageearly.com
Michael L Richardson wrote: > 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.†>>>>>> >>>>>> 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.†>>>>>> >>>>>> 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.†>>>>>> >>>>>> 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.†>>>>>> >>>>>> 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.†>>>>>> >>>>>> 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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