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Michael:

You only borrow money when you are sure you can repay it. Given the funding issues that WMATA has, this won't happen. The WMATA compact members are the ones that need to step up with support from the federal government. If there's no money for new rail cars, that can be dealt with. In London, where they have had this issue for decades national rail and Underground fares as a policy (although Underground fares have been moderated) rise at above the general rate of inflation to control ridership growth. This sends a very powerful message to policymakers that inaction has its cost. If you did not raise fares to supress demand the system would just get more and more crowed and eventually it would affect reliability.

by Dharm on Oct 22, 2008 2:28 pm • linkreport

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