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Cost of Moonbeam Express soars ever higher
http://www.ocregister.com/opinion/rail-343608-bonds-billion.html ^ | 3-8-2012 | 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

1 posted on 03/08/2012 10:32:03 AM PST by landsbaum
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To: landsbaum

The “editorial boarad” sucks.

They should go back to editorial school.


2 posted on 03/08/2012 10:39:19 AM PST by humblegunner
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To: landsbaum
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.
3 posted on 03/08/2012 10:44:13 AM PST by fella ("As it was before Noah, so shall it be again.")
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To: landsbaum

Folks need to look at who is getting the money - and how much is being laundered back into Democrat coffers...


4 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.)
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To: landsbaum

The railroad to nowhere—but a high speed!


5 posted on 03/08/2012 10:58:10 AM PST by RightWingConspirator (Obamanation--the most corrupt regime since Robert Mugabe's Zimbabwe)
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To: landsbaum

$117 BILLION and they are still pushing for this boondoggle.


6 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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