To: Citizen Zed
From the article:
Yes, it is. In June, the Democratic Legislature agreed to fund the project out of the cap-and-trade program (for curbing carbon emissions). And in other good news, an appellate court recently overturned an earlier, lower court ruling forbidding California to sell $9 billion worth of state bonds for the project.
A few small things seem to have escaped the writer of idiotic article.
1. The project is now estimated to cost ~$100 Billion. So the $9B is a drop in the bucket. It’s only enough to build a train to nowhere between two tiny towns in the Central Valley.
2. The Appeal court ruling is being appealed to the CA Supremes. They can’t sell bonds with that appeal pending.
3. The Cap and tax program is also being challenged in court since it did not pass with the 2/3 majority required for a tax.
What is it about Leftists and trains?
3 posted on
08/13/2014 10:29:03 PM PDT by
fifedom
To: fifedom
What is it about Leftists and trains? It is an excuse to spend lots of money and you can name train stations after big time politicians.
There is a train station in the middle of no where in West Virginia with Senator Robert Byrds name on it.
It is every petty politicians dream to have a train station named after them.
5 posted on
08/13/2014 10:58:50 PM PDT by
Pontiac
(The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
To: fifedom
If you just restrict it to running between SF and LA (less than 400 miles), then $9 billion is actually too much money, at about $24 million per mile.
Thanks to bizarre envirowacko rules, too, the centers of the two tracks are supposed to be 30 feet apart, which gives more than enough room to put two more tracks in between, even on normal high speed rail as built in Japan and elsewhere.
Leftists actually do not like trains. Back in the early 1960s, the Pennsylvania Railroad and New York Central compiled two graphics that compared government subsidy of
airports and
roads to how the government treated the railroads, who were trying to invest in increasing the speeds of intercity trains at the time. The railroads were still paying out of pocket for everything and were highly taxed and regulated at the time.
6 posted on
08/13/2014 11:54:22 PM PDT by
Olog-hai
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