Transit Subsidized by Money That Was Necessary

Transit subsidies rose tremendous, oh goodness, three thousand % under nixon. Now transit is subsidized by money that was supposed to go to highways and all that. This notion of dedicated taxes and stuff is just, i don't know why, it's not economics, he said. And so i too thought all this until quite recently. But then jeff said, we'll wait a minute. Taxing and spending in economics are completely separate. That would be a little different, i think, than one that just is meant to raise revenue.