High-speed rail officials to hold local scoping meetings
Original post made on Jan 15, 2009
Read the full story here Web Link posted Sunday, January 11, 2009, 11:10 PM
on Jan 15, 2009 at 12:52 pm
The need for additional modes of transportation is rapidly receding along with our economy. The state is tens of billions of dollars in the hole, and the country is trillions of dollars in the hole. Has it occured to anyone that maybe we don't need such a grandiose rail project at this time - especially if all of the supposed profits will never materialize, and it will likely be a gigantic money pit for years, possibly even forever.
on Jan 15, 2009 at 7:44 pm
All the studies confirmed prior to the ballet passing that the rail system would have be subsidized by the tax payers.
The assumptions on gas prices, air ticket prices, and volume of travellers was far too favorable to be reliable.
More bad decisions being made in California.
Can't keep raising taxes and borrowing money to pay for such nonessential capital assets.
Delusional, corrupt, disastrous, bankrupting our and our children's future in this state.
on Jan 15, 2009 at 9:42 pm
These last two posters are really out of sync with today's real world of economics. Milton Friedman and his disciple Alan Greenspan along with Reaganomics trickle down theory have turned out to be dead wrong. The economy lead by the prima donna financial giants, who the ideologues have held up as paragons of free enterprise and capitalism, is in a tail spin that has not yet hit bottom. (Note how these financial paragons have either disappeared or now are begging for government handouts - the most disgusting exhibition of so-called government welfare I have ever seen in my lifetime!)
If government does not start spending money on infrastructure projects such as high speed rail, where is the spending to come from to keep some of our 300 million population employed? I put my Bush tax cut last spring into savings - I did not spend it like so many others also saved it. And those who spent it on silly consumption items, they sent this money to China who manufactured those silly items. Few Americans were kept employed by it. Let's be explicit about it - last spring's tax refunds have been spectacularly unsuccessful. The economy has continued to spiral downward as if the tax cuts had never occurred. Nobody even mentions them anymore.
But to the point whether high speed rail can be successful...in Europe and Japan high speed rail has been very successful for decades in many important transportation corridors in those countries. In California we have such a corridor for which this is planned.
Next will be the complaint that high speed rail will need ongoing subsidies because it will not be profitable. Well, folks, are you aware that airlines in the United State would also not ever be profitable if they had to pay for the national air traffic control system (run by the FAA) as well as had to build and operate all of the airports they use? Who subsidizes the ATC (federal taxpayers) and builds and operates the airports (local taxpayers)?
From an economic perspective, high speed rail will be just like any of our other major transportation systems. And the infrastructure improvement will enhance our future economic activity and life style in ways we cannot now imagine, just like our national highway system did as well as our national air transportation system did. No one today can imagine being without either one.