Cost of Moonbeam Express soars ever higher

http://www.ocregister.com/opinion/rail-343608-bonds-billion.html ^ | 3-8-2012 | Orange County Register editorial boarad

[landsbaum]

California's high-speed rail project has been plagued with cost increases, delays and political shenanigans since 2008, when voters authorized $9.9 billion in bonds to help pay for it. Unsurprisingly, recent weeks have brought more of the same.

The independent Legislative Analyst now says the state must repay more than $700 million annually if bonds are sold to build an initial 130-mile Central Valley route. Ultimately, the plan would link San Diego and San Francisco. But to get $3.3 billion in federal funds, train authorities agreed to put the first tracks where populations are sparse, rather than in densely populated areas...

[humblegunner]

The “editorial boarad” sucks.

They should go back to editorial school.

[fella]

Just another rich progressives, enriching, boondoggle. Whenever you hear the government ask to sell bonds they are really just asking to raise taxes to pay off those bonds.

[Little Ray]

Folks need to look at who is getting the money - and how much is being laundered back into Democrat coffers...

[RightWingConspirator]

The railroad to nowhere—but a high speed!

[Blood of Tyrants]

$117 BILLION and they are still pushing for this boondoggle.