Christie, Cuomo Let Port Authority Keep on Burning Money
‘That’s so ridiculous we’re not gonna discuss it.”
“I don’t appreciate your telling me I’m about to vote on something illegal.”
“Just sit tight.”
“Let me finish.”
“Keep it to yourself.”
No, that’s not Donald Trump and Ted Cruz. It’s the people who run New York and New Jersey’s Port Authority transportation system fighting at last week’s PA board meeting.
“Cuomo and Christie have a choice: Rein in wasteful spending, or leave commuters paying more for an even worse trip. Guess which they’re choosing?”
Behind the arguing is a real disaster. Govs. Cuomo and Chris Christie will leave the Port Authority in worse shape than during Bridgegate — and leave commuters in worse conditions than when the two men took office.
The Port Authority runs the airports, plus the West Side bus terminal and bridge and tunnel crossings between the two states.
Parts of the airports, and the whole bus terminal, are in bad condition. So the Port Authority has to spend billions to fix them. Plus, the Port has to come up with $10 billion for a new tunnel under the Hudson for train commuters.
But the Port doesn’t have infinite cash. The authority already spends nearly $864 million annually on its $25.4 billion debt, much of it for the World Trade Center.
People can only spend so much to drive or fly, which is how the Port pays these interest costs.
So Cuomo and Christie have a choice: Rein in wasteful spending, or leave commuters paying more for an even worse trip.
Guess which they’re choosing?
Read the entire piece here at New York Post
This piece originally appeared in New York Post