Speaker 1: New York City and surrounding suburbs face the unthinkable. According
Speaker 1: to Bloomberg News service, on city buses and subways could
Speaker 1: be reduced by commuter trains by the Metropolitan Transportation Authority
Speaker 1: says they're going to be forced to raise fairs and
Speaker 1: tolls and cut nine thousand jobs now for the fifteen
Speaker 1: million people to depend on New York's mass transit. This
Speaker 1: is a disaster. Bloomberg calls it a doomsday scenario. They
Speaker 1: predicted if these cuts happen, the economic fallout will continue
Speaker 1: even after the pandemic is over. The entire region will suffer,
Speaker 1: and the suffering could last for years. New York's economy
Speaker 1: could take a sixty five billion dollar hit. Total job
Speaker 1: losses could be north of Ford in fifty thousand. Now,
Speaker 1: this adds up to a huge steaming pile of bad
Speaker 1: news for the Northeast. But there is a solution that
Speaker 1: would stop this debt in its tracks. If the federal
Speaker 1: government just steps in with a bunch of cash, none
Speaker 1: of this bad stuff will happen. So New York transportation
Speaker 1: bosses are begging and pleading. They want a measly twelve
Speaker 1: billion dollars from the federal treasure and save the buses,
Speaker 1: save the subways, save the commuter trains, the jobs, the economy.
Speaker 1: Then nobody could blame Governor Cuomo or the Mayor Deblasio
Speaker 1: or the Democrat Party for closing down New York to
Speaker 1: play political games. That's their objective. I hope it doesn't happen.