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But you are investing into the future. As I said, tram cars last 50 years in a nice new state. Here in Prague, we sell 50 year old trams east (to Russia and Chi
by timthelion 11y ago
But you are investing into the future. As I said, tram cars last 50 years in a nice new state. Here in Prague, we sell 50 year old trams east (to Russia and China) and those trams are selling for a lot more than the price of scrap. Buying busses, is throwing away money, because you have to get new ones every 15-20 years, and you really can't re-sell a 20 year old bus.
- Spooky23 11y agoDebt is cheap and nobody cares about the future. Every Mayor plans to be gone in 1-2 terms. Also, in the US, government mushroomed in the late 60s with the "Great Society" welfare programs and war on drugs. So state and municipal governments in most states are dealing with underfunded pension programs. Transportation that isn't Federally funded is discretionary spending.
- timthelion 11y agoSince debt is cheep, that's all the more reason to invest in the future :) Since intrest rates are so low, it is seriously cheeper, even if rail were more expensive in the long run, just to throw money at rail and let that debt dissapear into inflation.