THE surest way for a mode of transportation to get a boost in federal funding is for it to suffer a terrorist attack, anywhere in the world. When coordinated bombings on the Madrid train system killed 191 people in March 2004, the U.S. Congress immediately created a $150 million grant program for transit and rail security. Now, in the aftermath of the recent attacks on the London subway system, lawmakers are pushing for more. Sen. Judd Gregg, Republican of New Hampshire, proposes an increase of $100 million. Other senators want more: New York Democrat Chuck Schumer talks of $200 million, Alabama Republican Richard Shelby has called for $1.2 billion, and New York Democrat Hillary Clinton wants $1.3 billion. Of course, all of those numbers pale in comparison with the $6 billion sought by William Millar, president of the American Public Transportation Association.
Advocates of such proposals often point to the gap between spending on aviation security and transit security, but that is the wrong way of looking at the problem. Since the number of possible attacks is unlimited, while the resources we can devote to preventing them are very limited, spending decisions should involve careful cost-benefit analysis. Not every preventive measure is worth funding, and the greatest risks must be addressed first and most intensively.





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