The American Rescue Plan has $30 billion in federal transit funding.
Rather than self-perpetuating cycles of austerity, the ARP solidifies balance sheets across the nation. And not just for families; transit, states, schools, pensions, and more of our necessary institutions. 1/3
Rather than self-perpetuating cycles of austerity, the ARP solidifies balance sheets across the nation. And not just for families; transit, states, schools, pensions, and more of our necessary institutions. 1/3
Where we'd normally see the recovery worse from cuts, and financial weakness used as a cynical excuse to slash, privatize, and never restore public functions, the ARP moves to stop that dead in its tracks.
Given the "balance-sheet recession" of 2010s, it's a remarkable move. 2/3
Given the "balance-sheet recession" of 2010s, it's a remarkable move. 2/3
Here's a look from a month ago at what that $30 billion can do to help avert disaster in public transit.
So many things like this. So many crises of public institutions now easier to manage, and won't take place under threat of austerity, from the ARP. transitcenter.org/analysis-how-l…
So many things like this. So many crises of public institutions now easier to manage, and won't take place under threat of austerity, from the ARP. transitcenter.org/analysis-how-l…
(cc @JHWeissmann who is also thinking along balance-sheet lines.
the public institution dimension to the balance-sheet question needs to be highlighted; and how it foregoes the deployment of austerity and private markets to limiting programs, hallmark of neoliberal governance.)
the public institution dimension to the balance-sheet question needs to be highlighted; and how it foregoes the deployment of austerity and private markets to limiting programs, hallmark of neoliberal governance.)
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