And they get to the crux of it pretty well, right here:

Metro is the second-busiest transit system in the country, after New York. On several days, when no special events were scheduled, ridership exceeded 800,000 trips.

Metro is the only major transit system in the country without a significant reliable stream of funding. While transit systems that include those in New York, Boston, San Francisco and Philadelphia are guaranteed a portion of a gasoline tax, sales tax or other revenue to help pay costs, Metro must seek financial aid each year from the District, Virginia and Maryland.

A bill sponsored by Rep. Tom Davis (R-Va.) to authorize $1.5 billion over 10 years to Metro for capital improvements and maintenance was passed by the U.S. House of Representatives this week as an amendment to a bill authorizing funding for Amtrak. The Metro measure is to be matched by the District, Virginia and Maryland; all three jurisdictions have pledged matching funds.

Metro has been subject to some mismanagement in its history, to be sure.  But the past few years (esp. under Dan Tangherlini, now City Administrator) have seen some solid improvements.  But the best management in the world can’t overcome chronic funding issues.