TWU Leader Won’t Disown Occupy for Fare-Beating | OccupyWallSt.org: "“Instead of using our tax money to properly fund transit, Albany and City Hall have intentionally starved transit of public funds for over twenty years,” the activists said in a press release. “The MTA must resort to bonds (loans from Wall Street) to pay for projects and costs,” they added, calling the agency “a virtual ATM for the super-rich.”
They pointed out that the MTA spends more than $2 billion a year to pay off its debt.
“This means Wall Street bondholders receive a huge share of what we put into the system through the Metrocards we buy and the taxes we pay,” they concluded."
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