Earlier quoted context omitted.
That's because only 50% of the money goes towards things you expect it to go toward: labor costs, operations, and maintenance. The other 50% goes to unfunded pensions, debt service, and health care (mostly unfunded). http://interactive.nydailynews.com/project/mta-spending/
Man, it's almost like we could suddenly afford to do a lot of big projects if we just nationalized healthcare and pensions so it wouldn't have to be factored into labor costs.
The only real difference would be that the comparison in funding/cost between equivalent US and EU work would be more fair (also achieved by de-nationalizing healthcare and pensions in the EU).
Unless of course you’re also suggesting that nationalization would reduce global costs, but nothing about this particular thread supports/suggests that