Data received from COG today regarding the losses we sustain
with County Transit can be summarized: insolvent, bankrupt.
Editor,
Data received from COG today regarding the losses we sustain with County Transit can be summarized: insolvent, bankrupt.
The mounting deficit from our socialist transit is taking us down the road to disaster, but COG’s directors refuse to change course. COG’s new data, which is incomplete because it omits fuel, maintenance and administrative expenses, reveals the system is bleeding red ink. No, hemorrhaging.
While COG’s directors remain stuck, this train wreck is damning taxpayers with rapidly-increasing waste of tax dollars. Will you please try to obtain complete year-to-date results for 2004 for all costs, and compare with all revenue, and tell us just how badly COG’s directors are damaging SBC’s taxpayers with county transit boondoggles? Caveat viator!
Joseph P. Thompson, Tres Pinos
