Sales tax dependence makes transit investment cyclical, rather than counter-cyclical

As a consultant, I worry less than average about financial crashes, as the industry is allied with infrastructure, the classic 'counter-cyclical' investment. But the sad part is that while the industry may be counter-cyclical, it's only the road-building part. Most transit systems in America are reliant on sales-tax funding (which crashes during recessions), which means no capital funding for transit infrastructure, or transit operations.

Maybe the Feds should do something about that, and actually fund transit in a reasonable/reliable way, to the tune of 80%, like they do for highways...