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Wednesday, May 16, 2012

California’s high-speed rail speeds past fiscal sanity, responsibility

$3.5 million a day. That just happens to be the amount of money California is looking to spend each day until 2017 for 130 miles of its high-speed rail system. It seems ironic for a state facing a $117,747,412,000 debt and a recently announced deficit of $16 billion, to be so earnest about spending another $6 billion on only a segment of a rail system, or $3.5 million a day for the next five years. However, thinking big picture, the total price tag of the rail system, about 500-800 miles of track, is looking closer to $98.5 billion.
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Judy Morris,
Blogger, THL
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