Wednesday, March 27, 2013
Another Cautionary Tale On Mass Transit Boondoggles
The Obama administration has invested $12 billion in high-speed rail over the past four years. That's almost $1,000 per federal taxpayer! CNN's Drew Griffin highlights the abysmal failure of those expenditures to generate a single high-speed rail anywhere in the U.S. despite the massive investment of federal tax dollars. What's typical is a line in Washington state that received $800 million to improve the track between Seattle and Portland that resulted in cutting the average trip time by just 10 minutes. After all the billions spent on high-speed rail, not a single high-speed rail has yet been built with those dollars. Just one line in California is under construction.