There shouldn't be a capacity problem because if the system provides external benefits, it should be possible for the Gov to capture those with general taxation.
mbs
That's true in the abstract, but fails in the political reality, because the governments doing the spending on mass transit in the US usually can't afford to run the deficits required. And it makes sense to develop political processes that are self-reinforcing. If there are ways for the state to capture its externalities, it should where possible.