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Speaker 1: New York City and surrounding suburbs face the unthinkable. According

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Speaker 1: to Bloomberg News service, on city buses and subways could

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Speaker 1: be reduced by commuter trains by the Metropolitan Transportation Authority

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Speaker 1: says they're going to be forced to raise fairs and

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Speaker 1: tolls and cut nine thousand jobs now for the fifteen

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Speaker 1: million people to depend on New York's mass transit. This

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Speaker 1: is a disaster. Bloomberg calls it a doomsday scenario. They

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Speaker 1: predicted if these cuts happen, the economic fallout will continue

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Speaker 1: even after the pandemic is over. The entire region will suffer,

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Speaker 1: and the suffering could last for years. New York's economy

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Speaker 1: could take a sixty five billion dollar hit. Total job

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Speaker 1: losses could be north of Ford in fifty thousand. Now,

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Speaker 1: this adds up to a huge steaming pile of bad

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Speaker 1: news for the Northeast. But there is a solution that

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Speaker 1: would stop this debt in its tracks. If the federal

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Speaker 1: government just steps in with a bunch of cash, none

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Speaker 1: of this bad stuff will happen. So New York transportation

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Speaker 1: bosses are begging and pleading. They want a measly twelve

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Speaker 1: billion dollars from the federal treasure and save the buses,

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Speaker 1: save the subways, save the commuter trains, the jobs, the economy.

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Speaker 1: Then nobody could blame Governor Cuomo or the Mayor Deblasio

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Speaker 1: or the Democrat Party for closing down New York to

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Speaker 1: play political games. That's their objective. I hope it doesn't happen.