E Rocc, jjakucyk and 3 Guests are viewing this topic.
In my opinion, Congress has its priorities all wrong when they don't want to spend $50 billion for transportation but complain about planned cuts to the $1 trillion military budget, particularly when (a) Congress already agreed to cut the Defense budget, and (b) the Defense Department says those cuts are manageable!
The damage to its reputation was soon confirmed, when credit rating agency Moody’s declared a "credit negative" for Atlanta and downgraded a bond rating for MARTA, the city’s strained transit authority. Moody’s message was pretty straightforward: "The Atlanta region needs major upgrades to its dated and limited transit system and congested roadways to maintain its long-term position as an influential economic center." It’s an ominous warning for other areas of the country facing similar investment challenges.
QuoteThe damage to its reputation was soon confirmed, when credit rating agency Moody’s declared a "credit negative" for Atlanta and downgraded a bond rating for MARTA, the city’s strained transit authority. Moody’s message was pretty straightforward: "The Atlanta region needs major upgrades to its dated and limited transit system and congested roadways to maintain its long-term position as an influential economic center." It’s an ominous warning for other areas of the country facing similar investment challenges.Now that's a threat. Improve transit or Wall Street will downgrade your city's bond rating.
As fewer people can afford to drive and more people take to the rails, transit and bikes, those who seek to preserve the status quo feel threatened.....8/29/2012GOP platform calls for ending Amtrak subsidy, high-speed rail fundingYesterday at their national convention in Tampa, Fla., Republicans approved a party platform that calls for ending federal funding for Amtrak and high-speed rail, and allocating more federal transportation dollars for highway projects instead of other transportation options, such as public transit, bicycling and pedestrian programs, according to national news reports.The platform includes many measures that Republicans on the House Transportation and Infrastructure Committee pushed for during negotiations on the new, two-year $105 billion transportation bill that was enacted earlier this summer, news reports stated.READ MORE AT:http://www.progressiverailroading.com/amtrak/news/GOP-platform-calls-for-ending-Amtrak-subsidy-highspeed-rail-funding--32233#