California Spending $99 Billion High Speed Rail And It Won’t Be Operational For At Least Ten Years, Minimum!
How Can A State So Close To Financial Ruin Be Allowed To Pursue Such Irresponsible Spending?
By Dell Hill
the price of that new sports car you’ve been eyeing suddenly jumped
from 33 thousand to 99 thousand dollars, you’d probably jump back in
shock. Just change the word “car” to “train” and the word “thousand” to
“billion” and you’re looking at California’s latest effort to break the
backs of every taxpayer in the State.
Ed Morrissey has this to say:
“The projected cost of the California high-speed rail project has tripled from the $33 billion estimate
the state used to get voter approval for the necessary bonds —
borrowing, in other words — in 2008, just three short years ago. The
state hasn’t even broken ground on the project, and even its former
supporters are questioning the wisdom
of putting a state that’s already sinking in red ink on the hook for a
boondoggle that will require them to borrow almost all of the $99
billion cost and not have any service to show for it for more than a
Don’t expect the Obama administration to show that kind of critical thinking, however:
Obama administration vowed Thursday at a House committee meeting in
Washington that it would not back down from its support of California’s
bullet train project despite attacks from critics who alleged it is
tainted by political corruption.
“We are not going to flinch on that support,” said Joseph Szabo, chief of the Federal Railroad Administration.
said that his agency had committed itself to provide $3.3 billion for a
construction start next year in the Central Valley and that federal law
prohibits any change of mind about where to begin building the first
segment of the state’s high-speed rail system.
“The worst thing we could do is make obligations to folks and start to renege on our word,” Szabo told the House Transportation and Infrastructure Committee.
Er, no. The worst thing they could do is to waste taxpayer money on a boondoggle that, at least at this point, actually has
no realistic final price. The new estimate includes a risk of a 20%
increase from the new $99 billion estimate based on “route options,” and
that’s before any work has even been started. Once ground breaks, the
project will undoubtedly face unexpected setbacks and need for new cash
infusions, a pattern seen on every public works project in memory.”
Bottom Line: California is so boned. That’s all there is to it,
folks. And there doesn’t seem to be a single thing anyone can do about
the on-going total stupidity that emanates from Sacramento.
the taxpayers allow this kind of foolish venture to even begin is
beyond any form of rational thinking. Where is the evidence that such a
boondoggle would somehow be a benefit to the people? How in the world
does California plan to subsidize a train system for many years (perhaps
forever) as it competes with other modes of transportation and fails to
even be equal - say nothing about better - service than what’s already
look at the Amtrak rail system should be enough to convince anyone with
half a brain that 1) You don’t need it, and 2) you can’t possibly
afford it. American taxpayers have subsidized Amtrak rail service every
year it’s been in operation.
And then, as Ed points out,
“..don’t forget that this fixed-track system, which for passenger
service is a relic of the 19th century, will necessarily sit astride and
parallel one of the largest fault lines in the US — the San Andreas
fault, where most people believe California’s next big earthquake will
worst thing that the federal government can do is to be a poor steward
of public capital, and that’s exactly the choice that the Obama
administration and Jerry Brown are making by continuing this
embarrassment of a boondoggle.”
“California, Here I Come!”?
Businesses and individuals are leaving California in droves, and I don’t blame them.