Earlier quoted context omitted.
Where is the fiscal reality in grinding a city's economic activity to a halt because people can't get anywhere?
Cities can, have, and do function with fewer cars than most American cities. Reducing parking is the fairest way to reduce the usage and eventually necessity of cars. And again, it's far more realistic than hoping that a transit authority is going to find a buried treasure chest to invest in infrastructure while the public is investing more and more into cars.
If you want a real solution, provide tax incentives for companies to work remotely. If you eliminate commuters in those types of jobs that can work remotely, you solve almost all traffic problems.
Does an insurance salesman really need to travel to an office? 90% of that work is on the phone already and the other 10% could be replaced with video conferencing. I don't need to touch my salesman, I just need to hear what he's saying and read contracts. Unless your job involves handling physical objects, there is zero reason for a commute.