To: ahhaha who wrote (3414 ) 6/27/2002 10:41:09 PM From: ahhaha Read Replies (1) | Respond to of 24758 A Winning Settlement Avoids BART Strike? What was that they were saying back then in #3414?Rate hike, some parking fees approved by BART Bay City News Thursday, June 27, 2002 (06-27) 17:03 PDT -- BART officials moved today to raise fares by 5 percent beginning in January, but shied away from implementing mandatory parking fees at all stations. They chose instead to institute a program that will make one-fourth of all BART station parking spaces into reserved spaces, where those who want guaranteed weekday parking until 10 a.m. will be able to obtain it by paying $3 a day. The actions were part of a series of measures that BART directors took to close a $28 million budget deficit for the upcoming fiscal year. The transit district's board of directors also made final a previously authorized $7 million cut in expenses by cutting 72 positions, a move that labor unions heavily criticized. The labor unions argued that it was not necessary to cut jobs in order to balance the budget, claiming that the transit agency could dip into its reserves to make up for the shortfall completely. ... When you hear various people say that the FED is concerned about deflation, don't believe it in the slightest. The threat is, and always has been, inflation. When the 'crats cooked a political deal to avert a BART strike last year the cost is now seen in a rising deficit that has to be bridged with rising fares. There you have it in a nutshell. That is the core reason behind inflation. There is no free market when authority intervenes for expediency, with the result that later someone else has to pay. This is called "fairness" by 'crats. As soon as the stock market starts slowing in its fall, the demands for compensation start to rise. The dollar is declining because as long as the FED fixes the price of money below its true cost, the will to inflate is supported. A year ago this thread discussed the inevitability of prices rising in excess of output, and in the interim it looked like this assertion might fail, but the strength of the US economy casts doubt on any such failure. Gold is looking better today.