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It's a $100 billion project. Which means it will cost $500 billion by the time it's done, if it ever gets done.
That's probably true. All they got right now is the right to sell bonds. And this money will not cover the entire span but only a portion. They will have to come up with the rest of the money for the entire span on their own.
Are they nuts in Calif? Putting people to work in a deep recession? Don't they know they need as few people working as possible? How else will they handle their debt?
Are they nuts in Calif? Putting people to work in a deep recession? Don't they know they need as few people working as possible? How else will they handle their debt?
Well they can always issue IOUs like they did before.
One dissenter, Sen. Joe Simitian, D-Palo Alto, said public support had waned for the project, and there were too many questions about financing to complete it.
"Is there additional commitment of federal funds? There is not. Is there additional commitment of private funding? There is not. Is there a dedicated funding source that we can look to in the coming years? There is not," Simitian said.
When it comes to these train boondoggles, it always follows the same pattern. The total cost ends up being double or triple of the original forecast and real ridership is always about half of the projected number. Very rarely, if ever, does real ridership meet or exceed projected ridership.
Have been taking the train a lot lately to DC, we need high speed rail. Imagine going from DC to New York in a matter of a couple hours (outside of flight).
New York to DC already qualifies as high speed rail, with a top speed of 135 MPH (though you obviously can't do that through downtown Philly or the tunnels at Baltimore).
North of New York, there is even a stretch of 150 MPH line, most of it in Rhode Island. But upgrading the other 75 percent would require new catenary (overhead wires) which is not cheap.
And can anyone seriously propose a new right of way through communities where every sheltered suburbanite will scream "Not In My Back Yard"?
the bullet trains are not used as much in japan bek very expensive they use charted buses a lot more now--
just like mexico does.
we are going the wrong way we are broke. how hard can that be to understand.
the bullet trains are not used as much in japan bek very expensive they use charted buses a lot more now--
just like mexico does.
we are going the wrong way we are broke. how hard can that be to understand.
Because those liberals who have romanticized memories of riding on a European choo-choo train want them here. Notice, so many of the HSR proponents are also Europhiles. Comes hand in hand
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