All Abroke!
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Just a quick reminder that the equipment that failed along the Northeast Corridor, stranding thousands of commuters from New York to Baltimore, is owned, operated and taxpayer-subsidized by Amtrak, even if some of the actual trains (e.g., New Jersey Transit) are not.
This is what your billion dollar per year subsidy is getting you. Enjoy the ride -- or the stall, as the case may be.
If this had been a private railroad, the class actions would soon be piling up in courthouses everywhere.
Of course, if this had been a private railroad, the failure probably never would have happened in the first place.
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I was planning to take the train to Newark Airport tomorrow. Now I need to engage in a little game theory and decide which will win out: my risk aversion or my cheapskatedness. I'm thinking the former will win out.
This is what your billion dollar per year subsidy is getting you. Enjoy the ride -- or the stall, as the case may be.
If this had been a private railroad, the class actions would soon be piling up in courthouses everywhere.
Of course, if this had been a private railroad, the failure probably never would have happened in the first place.
---
I was planning to take the train to Newark Airport tomorrow. Now I need to engage in a little game theory and decide which will win out: my risk aversion or my cheapskatedness. I'm thinking the former will win out.
All Related Posts (on one page) | Some Related Posts:
- Was This Worth $1,000,000,066?
- Is "Luxury Travel" a Public Good?
- "Politics versus Economics" Quote of the Day...
- Amtrak Update: New Leader, No Leadership
- All Abroke!
- Amtrak Board Fires President: Prelude to Breakup?...
- Amtrak Should Go to the Movies
- Faster Than a Speeding Bullet (Train)?
- Amtrak Update: Byrd Falls Short on Bailout Amendment
Posted by Kip on
25 May 2006
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