Posted on 01/30/2012 1:38:27 PM PST by Oldeconomybuyer
Gov. Jerry Brown said Sunday that cap-and-trade fees could help pay for high-speed rail, and that the cost would be well under the $100 billion forecast by the California High-Speed Rail Authority just three months ago.
“It’s not going to be $100 billion,” Brown said. “That’s way off.”
The voter-approved project would create a 220-mph train from San Francisco to Anaheim with eventual connections to Sacramento and San Diego.
According to a transcript of the interview in the Sacramento Bee, Brown said, “Phase 1, I’m trying to redesign it in a way that in and of itself will be justified by the state investment,” Brown said. “We do have other sources of money: For example, cap-and-trade, which is this measure where you make people who produce greenhouse gases pay certain fees – that will be a source of funding going forward for the high speed rail.”
This is the so-called “train to nowhere,” a track that will have no train, no electrification, no controls. The only train that could actually use this track for the foreseeable future is Amtrak’s San Joaquin, which carried nearly 1.1 million passengers last year, a high number for Amtrak but far below the tens of millions of riders forecast for high-speed rail.
(Excerpt) Read more at taxdollars.ocregister.com ...
To fund an incredibly bad idea with another Incredibly bad idea boggles the mind.
Why on earth do we need high speed rail from SF to Disneyland?
It's like the situation in New York State where Cuomo had to drop his cigarette-tax revenue projection to $27 million. Next year, though, by God, we're going to collect $100 million. And so it goes.
When they open thier mouths and shi# comes out we lock them up. A bogus ponzi scheme to fund a bridge to nowhere.
When they open thier mouths and shi# comes out we lock them up. A bogus ponzi scheme to fund a bridge to nowhere.
Good for Brown! He’s a true visionary.
Just give all those people Cap and Trade puts out of work a pick and shovel and reduce the cost of high speed rail dramatically...
Oh, he is right, you know!
It'll run $250-350 billion, if BART, the Bay Bridge project; the Richmond-San Rafael Bridge, and every other public project are any indication.
Let the politicians get their hands in it, and even a 10 cent pay toilet ends up costing a quarter.
Yep, he sure did.
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