Resource Pages

Jul 10, 2012

California's $100 billion Bullet Train May to Nowhere...while running $16 billion budget deficit

For Now, Bullet Train May Go Nowhere - BY JIM CARLTON & MAX TAVES Wall Street Journal
After clearing a major legislative hurdle, California's proposed bullet train between Los Angeles and San Francisco still faces obstacles—including lawsuits and uncertainties over future funding—that could delay it for years. Friday's narrow state Senate vote approving $4.7 billion in bonds for the train and related projects sends the funding bill to a likely signing by Gov. Jerry Brown, a proponent of high-speed rail.

Defining Insanity Down. By Victor Davis Hanson - There are lots of insane things about California, like going ahead with a $100 billion high-speed rail project — while running a $16 billion budget deficit — designed to run, in the first phase, from above Fresno to Corcoran, apparently for those tourists interested in visiting at high speed Charles Manson in the Corcoran prison at the end of the proposed line.