Recession and deficit:

Today the NJ transit announced that they will increase fare by 25 percent and cut jobs and services since they are in a huge deficit. I can’t understand one thing, every time there is a deficit, the prices go up. It is really a shame that when unemployment is high and people are looking for work and are scrapping for money, for most of them the only viable piece of transportation is getting very expensive. And the New York transit authority is also trying to raise fares because they also have a shortfall of funds.

My point is that why that is every time we are in a recession, the price of everything used by common people goes up. Many it is because everybody is demanding more of the same stuff or maybe in good times, the governments spend recklessly and lavishly and don’t save enough for a rainy day or may be because they don’t rein in costs and think that good times will never stop.

You know I am one of the persons who is sick and tired of doling out my dwindling income on things which we need the most because when we have surplus, usually raises of essential things don’t go down. It is only a one way street. I know that I will be cruel and heartless to say this but since we the private sector people don’t get pension benefits anymore why not reduce this thing from the public sector also. But now the people will say that since the private sector people get paid more they may not need the pension benefits. But not all of the private sector people get paid lavishly. Most of them are just surviving check by check.