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Cost of Moonbeam Express soars ever higher
| Orange County Register editorial boarad
Posted on 03/08/2012 10:31:52 AM PST by landsbaum
California's high-speed rail project has been plagued with cost increases, delays and political shenanigans since 2008, when voters authorized $9.9 billion in bonds to help pay for it. Unsurprisingly, recent weeks have brought more of the same.
The independent Legislative Analyst now says the state must repay more than $700 million annually if bonds are sold to build an initial 130-mile Central Valley route. Ultimately, the plan would link San Diego and San Francisco. But to get $3.3 billion in federal funds, train authorities agreed to put the first tracks where populations are sparse, rather than in densely populated areas...
(Excerpt) Read more at ocregister.com ...
TOPICS: Editorial; Government; Politics/Elections; US: California
KEYWORDS: cahighspeedrail; deficits; govjerrybrown; highspeedrail; moonbeam; moonbeamexpress
posted on 03/08/2012 10:32:03 AM PST
The “editorial boarad” sucks.
They should go back to editorial school.
Just another rich progressives, enriching, boondoggle. Whenever you hear the government ask to sell bonds they are really just asking to raise taxes to pay off those bonds.
posted on 03/08/2012 10:44:13 AM PST
("As it was before Noah, so shall it be again.")
Folks need to look at who is getting the money - and how much is being laundered back into Democrat coffers...
posted on 03/08/2012 10:52:41 AM PST
by Little Ray
(FOR the best Conservative in the Primary; AGAINST Obama in the General.)
The railroad to nowhere—but a high speed!
posted on 03/08/2012 10:58:10 AM PST
(Obamanation--the most corrupt regime since Robert Mugabe's Zimbabwe)
$117 BILLION and they are still pushing for this boondoggle.
posted on 03/08/2012 11:03:04 AM PST
by Blood of Tyrants
(Never believe anything in politics until it has been officially denied.)
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