Posted on 06/01/2009 9:03:18 PM PDT by fight_truth_decay
I worry about the sinking value of the dollar, as oil prices are rising. Course his followers think Obama is moving mountains.
Welcome to Socialism!!!
The government owns Amtrak..ah how efficient is that, and how many crashes per year? That is a prior government financial scandal:
CLIP
"....creative accounting to disguise its financial problems, hiding operating expenses as capital costs, as well as misled the public about its effectiveness and performance. Amtrak’s failure to secure more of the growing transportation market, coupled with high costs, poor management and abysmal productivity, result in a metaphorical gun held to the heads of American taxpayers: “Continue to subsidize us or we will pull the trigger.”
Created by an act of Congress in October 1970, Amtrak started as a federally chartered corporation authorized to operate virtually all intercity passenger routes in the United States. It was supposed to reverse over two decades of continuous operating deficits incurred by privately run passenger railroads. At the time, promising to be a profit-making enterprise, it was given $40 million in initial funding, along with $100 million in loan guarantees."
"With 30 years of failure under its belt, Amtrak has received nearly $25 billion in taxpayer dollars, with no prospect in sight of ever breaking even. Under the Amtrak Reform and Accountability Act of 1997, Congress mandated the rail service to be self-sufficient by December 2002, or come up with a liquidation plan. But last year, Senate leaders blocked Amtrak from even doing a liquidation study of itself."
No one brings up Amtrack, as much as they should!
Amtrak
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