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Cascade CounterPoint
Cascade Policy Institute
298 episodes
3 days ago
Sit back and listen to Cascade Policy Institute explain the latest research on Oregon's important issues. Cascade advances public policy ideas that foster individual liberty, personal responsibility, and market-based economic opportunity. Visit us at www.cascadepolicy.org
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All content for Cascade CounterPoint is the property of Cascade Policy Institute and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Sit back and listen to Cascade Policy Institute explain the latest research on Oregon's important issues. Cascade advances public policy ideas that foster individual liberty, personal responsibility, and market-based economic opportunity. Visit us at www.cascadepolicy.org
Show more...
Politics
News
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QP $2 Trillion for Transit and No One Aboard
Cascade CounterPoint
1 minute 45 seconds
1 week ago
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

Cascade CounterPoint
Sit back and listen to Cascade Policy Institute explain the latest research on Oregon's important issues. Cascade advances public policy ideas that foster individual liberty, personal responsibility, and market-based economic opportunity. Visit us at www.cascadepolicy.org