QP $2 Trillion for Transit and No One Aboard

Since 1965, Congress has been subsidizing transit and taxpayers have spent well over $2 trillion dollars on transit. That’s in the same territory as the U.S. deficit.In these 60 years, transit operating costs have increased 500 percent while fare revenues have ticked up a modest 10 percent. Total ridership – in actual numbers – has decreased by 10 percent, and riders per capita for urban residents has fallen by more than half. Instead of improving efficient transportation, transit agencies have bloated their bureaucracies and nearly tripled their workers. Today, they spend 55 percent more on "general administration."Most transit makes congestion worse, not better. Aside from New York, transit uses more energy and emits more greenhouse gases per passenger-mile than cars and light trucks. Worse yet, transit spending siphons billions from improving roads for 100 percent of Americans.It's time to stop this trillion-dollar boondoggle. Next year, congress will consider new legislation in the Surface Transportation Reauthorization bill. Congress should end transit subsidies or tie them to fare revenues, so that transit must boost ridership—not spending—to increase funds.Read more at $2 Trillion and No One Aboard - Cascade Policy Institute