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High-speed rail’s risks getting riskier, more expensive
The Orange County Register blog Orange Punch ^ | 1-24-2012 | Mark Landsbaum

Posted on 01/24/2012 4:04:55 PM PST by landsbaum

The state’s auditor said today despite its critical report last year on the high-speed rail project, the rail authority’s “funding situation has become increasingly risky and the authority’s weak oversight persists.” . . .

“The cost estimates for phase one increased to between $98.1 billion and $117.6 billion—of which approximately $12.5 billion has been secured,” the auditor says.

Remember when the cost was about $35 billion? Then about $45 billion? Then about $98 billion? And now, the auditor says it’s up to $117 billion?

(Excerpt) Read more at orangepunch.ocregister.com ...


TOPICS: Business/Economy; Government; Politics; Travel
KEYWORDS: ablogpimp; blogpimp; boondoggle; govjerrybrown; highspeedrail; overspending

1 posted on 01/24/2012 4:05:07 PM PST by landsbaum
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To: landsbaum

Blog pimp much?


2 posted on 01/24/2012 4:10:43 PM PST by MeganC (No way in Hell am I voting for Mitt Romney. Not now, not ever. Deal with it.)
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To: MeganC

What’s the problem? It’s posted in the “Bloggers & Personal” forum.


3 posted on 01/24/2012 4:38:15 PM PST by Paleo Conservative
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To: landsbaum

What’s another hundred billion here and there? Jerry had better raise taxes again, I guess.

Or maybe Obama will just give him the whole thing, if he licks his toes the right way, so as to get the California vote, like Clinton did.


4 posted on 01/24/2012 4:38:28 PM PST by Cicero (Marcus Tullius)
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To: Cicero
HIGH-SPEED TRAIN_2
5 posted on 01/24/2012 5:11:19 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: Paleo Conservative; MeganC

He did not “post” he pimped.

Check out his posting history, and then check out his alter-ego account -

http://www.freerepublic.com/~marklandsbaum/


6 posted on 01/24/2012 9:14:16 PM PST by shibumi (Cover it with gas and set it on fire.)
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