With debt obligations running around $8 billion, we have to first be smart enough to stop spending money we don't have, and stop making the problem worse.
That means we cannot afford to build the new $2 billion Boston-to-New Bedford rail link, which would cost more than $20 million a year to operate.
The MBTA is one of the most heavily subsidized public transit systems of any major metropolitan city, yet lack of fiscal oversight and proper management have left the MBTA facing a deficit of more than $100 million before the first train is run next year. There needs to be a complete audit of the MBTA to determine how this agency could misplace more than $100 million over the past few years.