New York City and surrounding suburbs face the unthinkable. According to Bloomberg News service, on city buses and subways could be reduced by commuter trains by the Metropolitan Transportation Authority says they're going to be forced to raise fairs and tolls and cut nine thousand jobs now for the fifteen million people to depend on New York's mass transit. This is a disaster. Bloomberg calls it a doomsday scenario. They predicted if these cuts happen, the economic fallout will continue
even after the pandemic is over. The entire region will suffer, and the suffering could last for years. New York's economy could take a sixty five billion dollar hit. Total job losses could be north of Ford in fifty thousand. Now, this adds up to a huge steaming pile of bad news for the Northeast. But there is a solution that would stop this debt in its tracks. If the federal government just steps in with a bunch of cash, none of this bad stuff will happen. So New York transportation
bosses are begging and pleading. They want a measly twelve billion dollars from the federal treasure and save the buses, save the subways, save the commuter trains, the jobs, the economy. Then nobody could blame Governor Cuomo or the Mayor Deblasio or the Democrat Party for closing down New York to play political games. That's their objective. I hope it doesn't happen.