jamc204
10-30-2010, 03:06 PM
Somehow, it has become fashionable to think that high-speed trains connecting major cities will help “save the planet.” They won’t. They’re a perfect example of wasteful spending masquerading as a respectable social cause. They would further burden already-overburdened governments and drain dollars from worthier programs—schools, defense, research.
Let’s suppose that the Obama administration gets its wish to build high-speed rail systems in 13 urban corridors. The administration has already committed $10.5 billion, and that’s just a token down payment. California wants about $19 billion for an 800-mile track from Anaheim to San Francisco. Constructing all 13 corridors could easily approach $200 billion. Most (or all) of that would have to come from government. What would we get for this huge investment?
Why High-Speed Trains Don't Make Sense - Newsweek (http://bit.ly/bYGD1P)
Let’s suppose that the Obama administration gets its wish to build high-speed rail systems in 13 urban corridors. The administration has already committed $10.5 billion, and that’s just a token down payment. California wants about $19 billion for an 800-mile track from Anaheim to San Francisco. Constructing all 13 corridors could easily approach $200 billion. Most (or all) of that would have to come from government. What would we get for this huge investment?
Why High-Speed Trains Don't Make Sense - Newsweek (http://bit.ly/bYGD1P)