My goodness. How about, 1)We are broke and can't afford it. 2) We don't need it. 3)The people of California don't want it. 4) contrary to your wishful thinking there are no "private firms" ready to cough up 70 or 100 billion to build a train no one cares to ride. If there is I'd sure like to hear about it--so I could short their stock.
>>>contrary to your wishful thinking there are no “private firms” ready to cough up 70 or 100 billion to build a train no one cares to ride. If there is I’d sure like to hear about it—so I could short their stock.<<<
http://www.latimes.com/news/local/la-me-rail-advice-20120709,0,4539140.story
Anmd it looks like a private consortium is again trying to bulid the Texas HSR project despite the previous interference from Southwest Airlines.
http://www.star-telegram.com/2012/05/09/3949397/group-aims-to-raise-10-billion.html