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"That's where the productivity increases can be found.
Such increases can be due to cyclical variants, such as climate.
Moreover, the panel said, "significant price increases can be expected in the future".
This will hurt growth unless investors' fears are calmed and the rate increases can be reversed.
But in the middle of a severe recession steep spending cuts and tax increases can be disastrous.
In a country where many live on $20 to $30 a month, such increases can be devastating.
But there is no question that fare increases can be mitigated only by tapping other sources of financing.
However, the politics of fare increases can be tricky, especially when not everyone is shouldering the same burden.
But sales tax increases can be passed only in a cumbersome process that requires both local and state approval.
More modest increases can be expected in 2008, not least because of the less rosy revenue outlook.
Any student's under performance must be accounted for, particularly now that salary increases can be directly linked to student exam performance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com