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Originally Posted by nyc_alex
So taking cost into account is an excuse? That's insane!
You can only issue so much debt. The money allocated towards that takes away from other projects like a new subway line or a new bridge. The cost/benefit ratio is the most important thing! We can't issue unlimited bonds, ya know.
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Somehow the US manages to get a lot less for its money than elsewhere.
Although this might be a product of the political system. States are essentially useless entities, and the federal government doesn't spend as much on major cities as they contribute in taxes. So there's a big outflow of tax dollars from New York City that it never sees again, while rural states and exurbs get shiny new highways.