Bullet train Project Nearly Triples In Cost (High Speed Rail To Nowhere)

Mercury News ^ | 10/31/2011 | Mike Rosenberg

[goldstategop]

With the Golden State nearly broke, it now plans to secure funding largely by borrowing more, the Associated Press reported, though specifics were unclear. About 20 percent would come from the private sector.

Until now, the state had been relying on more than $15 billion from the federal government, $10 billion from private investors and $5 billion from local governments. But the state hadn't gotten any closer to raising the money in the three years since voters approved the plan.

The bullet train project, which would link San Francisco and Los Angeles with the nation's first high-speed rail line, has seemed to be a dream for job-hungry politicians, unions and business groups.

Like Brown, the mayors of San Jose, San Francisco and Los Angeles are also in favor, saying it is pivotal to start quickly and create jobs by taking advantage of a $2.2 billion federal grant that would expire next year.

[goldstategop]

Yup. They don’t care if no one ever rides it as long as they can control what people do. HSR is merely a means to an end. One long desired by the Left since the Industrial Revolution.

[GOPJ]

That is how liberals think... you might be right on this - thanks for sharing.

[GOPJ]

That might have something to do with why they’re turning a profit...