Posted on 07/17/2013 2:41:22 PM PDT by Olog-hai
A proposed high-speed train connecting suburban California to Las Vegas may have just been stopped in its tracks, after the Transportation Department halted the review of what would have been its largest taxpayer loan in history.
In a letter obtained by FoxNews.com, Transportation Secretary Ray LaHood informed developer XpressWest that he would suspend further consideration of the companys request for a $5.5 billion federal loan.
If approved, the loan would be the departments largest ever. Though the project was a favorite of Senate Majority Leader Harry Reid, of Nevada, the request had been the subject of intense Republican criticism, as lawmakers cited concern about subsidizing a costly and potentially risky project at a time of mounting federal debt. Consideration of the massive loan also came as the government imposed across-the-board sequester spending cuts.
LaHood, in his June 28 letter to the company, cited serious issues with the application in the decision to cut the project off. He suggested the company was having difficulty ensuring that the project would be built with enough American products like U.S-made steel and iron.
(Excerpt) Read more at foxnews.com ...
Poor, poor, Willie . . . a socialist who simply was misunderstood.
Probably Richard Blum better known as Mr Dianne Feinstein.
You made Willie mad.....
They have talked about building that train for over 30 years. There no way it will be finished in my lifetime.
I didn’t see that image, I’ll have to check it when I get home. How’s the 105 heat index treating ya’?
Sometimes I just crack myself up...
I think I saw a post form him the other day.
The air conditioning is workin’ fine.
LOL, you’re WAY ahead of me.
Sen. Harry Reid, D-Nev., a major booster of the project, said Friday there was still a chance of federal backing for the major transportation project. An XPressWest spokeswoman said the company understood the project still was being reviewed.
Feds: XPressWest failed to meet 'Buy America' rules for high-speed train
Yeah, his hometown is on the route - Searchlight!
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