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California high-speed rail gets green light

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posted on Jul, 7 2012 @ 04:00 AM
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AP -- July 7, 2012

California high-speed rail gets green light
 

That controversial high speed rail line in California has passed the state Senate.

This is a "victory" for the bankrupt California and U.S. Treasuries.
Some of the financing will come from bond issues. Some from the Federal Government's taxpayers.

Governor Brown and President Obama have been lobbying like devils to get this thing going.

Will this be another boondoggle chock full of cost over runs and financial fiascoes ?

Whoever is going to get rich from this is certainly licking their chops today !!

But maybe some jobs will be created at a reasonable price to taxpayers.


SACRAMENTO, Calif. (AP) -- California lawmakers gave the green light to start building the nation's first dedicated high-speed rail line, a multibillion dollar project that will eventually link Los Angeles and San Francisco.

The move marked major political victories for Democratic Gov. Jerry Brown and the Obama administration. Both have promoted bullet trains as job generators and clean transportation alternatives.

In a narrow 21-16 party-line vote that involved intense lobbying by the governor, legislative leaders and labor groups, the state Senate approved the measure marking the launch of California's ambitious bullet train, which has spent years in the planning stages.



The final cost of the completed project from Los Angeles to San Francisco is projected to be $68 billion.




related thread with good debate from last November:
Kalifornia wants high speed rail guess what that means? Your Going to Pay for it.




posted on Jul, 7 2012 @ 04:06 AM
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Sounds fun.... I'll probably never use it..... I'd rather fly



posted on Jul, 7 2012 @ 11:17 AM
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Communists do love moving people in trains dont they?



posted on Jul, 7 2012 @ 11:28 AM
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reply to post by xuenchen
 


That’s what every bankrupt state needs….an expensive new high speed rail system!


They should call it 'the train to nowhere'!



posted on Jul, 7 2012 @ 11:58 AM
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Originally posted by seabag
reply to post by xuenchen
 


That’s what every bankrupt state needs….an expensive new high speed rail system!


They should call it 'the train to nowhere'!




And when it goes completely broke and they need federal assistance.......

They will re-name the thing "HamTrack"



posted on Jul, 7 2012 @ 05:36 PM
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reply to post by xuenchen
 


Hamtrack!!


They could also call it the “Pork-Barrel Railway”.

Their slogan can be, “We’ll get you there fast or bankrupt the state trying”.



posted on Jul, 7 2012 @ 05:44 PM
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This is like buying a bugatti veyron on credit, when you only have enough money to live with your parents and buy a can of beans once a week to eat. This is so ridiculous.

There is a webpage that is devoted to exposing earmarks in congress, it is disgusting to read. I remember seeing this a few years ago, and thought, surely not...



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