Slightly to the Right in New Jersey

Conservative comments on New Jersey

Governor Stupidhead’s Pit

The executive director of NJ Transit, Richard F. Sarles, wrote a rebuttal in NJ Voices (NJvoices.com) to an opinion about the Mass Transit Tunnel (MTT), which I now refer to as Governor Stupidhead’s Pit.  In the rebuttal, Sarles talks about how the new tunnel will benefit commuters, another way of saying that the real winner here is New York City.  But, one good thing came out of this, and that is his mentioning of 6,000 construction and related jobs, and a drop in air pollution by taking 22,000 cars off the highways.  This confirmation of these numbers can now lead to a crunching of these numbers and figuring out just what this will cost us.

In industry, it is typical to buy capital improvements with an outlook to getting the total return on investment within 18 months.  The price of this tunnel is calculated to be 9 billion dollars.  If we take the elimination of 22,ooo cars as realistic, it will cost $410,000 to remove each car.  Let’s say for this argument we figure each car has four passengers who will now take the train.  So it will cost $102,500 to for each new passenger who will use this tunnel.  If we assume that each passenger will go to work 250 days per year, then in 18 months he/she will have made 375 round trips.  In order to get an 18 month return on investment, each round trip will have to cost $273.00.  I don’t think anyone is going to pay that price.  Now, lets say the cost of a round trip is $27.00 per, it will take 15 years to pay for the tunnel.  Some might say that is a good deal, but just remember, all of the fare would have to go towards paying for the tunnel, what about the cost of the train?  From my viewpoint, this investment is not that good, and will result in the taxpayers of New Jersey having to subsidise this venture.

Sarles also writes about the jobs that will be created in the construction of this tunnel.  Let’s see how much each job will cost.  As I wrote before, they figure that 6,000 jobs will be created.  If we divide 6,000 into 9 billion dollars, the cost for each job will be $1.5 million.  Now, I don’t know where you come from, but where I come from, that is no bargain at all.

Once again, we do not need this tunnel!  It will only benefit New York City.  The cost of the tunnel can never be recouped, but will have to be subsidised by the taxpayers of New Jersey.  And the idea of creating jobs at $1.5 million per job is just plain stupid!  Why not take the money that New Jersey is suppose to contribute ($3 billion) and spend it to benefit the citizens of New Jersey?

To Richard R. Sarles, Governor Stupidhead, and the other idiots who are trying to force this tunnel down are throats, it is just a plain stupid idea, plus don’t ever forget, “IT’S TAXES, STUPID!”

Advertisements

February 7, 2009 - Posted by | Budget, Corzine, Debt, democrats, Hudson River Tunnel, Liberals, New Jersey, Republicans, Stupid, Tolls | , , , , , , , , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: