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California’s Train to Nowhere

D G Wrote: May 20, 2012 11:09 PM
TC ... Highways are like entitlement programs where everybody expects the government to provide them. ... User fees (fuel taxes) pay about half of the costs. The rest is subsidies.

I’ve explained before that “high-speed rail” is a boondoggle, and I’ve also posted a thorough presentation on the topic from the folks at Reason about this issue.

But some politicians can’t resist throwing good money after bad on these money-losing schemes. The latest example is from the People’s Republic of California, where Governor Jerry Brown is acting as if he wants the state to become a basket case.

Here are some passages from the Wall Street Journal’s editorial on the topic.

The good news in this debacle is that the...

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