I believe that the Port Authority Transit should be disbanded or disolved. Let whatever rises from the ashes happen. Unfortunately like the financial industry and now the automobile industry, it was allowed to get too big and suck the taxpayers money into a greedy and inefficient operation. Bailouts....matching funds....geez.
Like US congress, PA State Legislature, etc that has the reins of taxpayer money, it could never be efficient or "consumer driven" because the taxpayer is always made to pay for their mistakes and mismanagement.
Sad state of affairs for sure. As usual on the backs of the Taxpayers whether it be matching funds, 7% drink tax or rider fares. Its all coming out of the taxpayers pockets.
It never ends...... I could use some matching funds and a financial bailout.... Any taxpayers out there want to be forced to contribute to my situation? ha ha ha...
I believe the government, corporations, ceo's, politicians would just look at me and say, "Hey deadbeat! I'm reporting you to the credit bureau for non payment for the next 7 years, you bum! No loan at reasonable rates for you! No free money for you! No saving your house or car cause you mismanaged your money or fell on hard times. TOO BAD."
Ironic,huh?