Only in California could a legislature that’s charged with overseeing a state that’s not only flat broke, it’s deep in the red, decide to jump into the bottommless pit of debt and spend more to build a railroad on one of the world’s biggest geological fault lines.
Someone’s been spending too much time in Fantasyland.
Love the catch phrases, “high speed rail line” means BAILOUT MONEY.
“Bullet trains”? - way too harsh....let’s call them fluffy pillow trains.....
So where is other $100 Billion going to come from to actually build this thing and put it into service????????
.” In summary, just passing the bill, gives California a $3.2 billion federal bailout while the actual use of funds may or may not ever appear (or money is on the latter). If still confused think Greece and Germany, because Federal tax collections were just used to give California a very fungible cash injection. Where the money ends up now is anyone’s guess”
http://www.zerohedge.com/news/cash-strapped-california-votes-68-billion-monorail-get-federal-bailout
This was The Won’s down payment to California for their Electoral Votes in November.