Obama has wasted enough money on ill-considered magical projects. He would have had more success genetically engineering a Clydesdale Unicorn. Some things are best left to private interests, if private investors are on-board with high speed rail they will make it happen – in a cost-effective manner, not wasting more BILLIONS of tax payer dollars.
"$11 Billion Later, High-Speed Rail Is Inching Along"
WASHINGTON — High-speed rail was supposed to be President Obama’s signature transportation project, but despite the administration spending nearly $11 billion since 2009 to develop faster passenger trains, the projects have gone mostly nowhere and the United States still lags far behind Europe and China.
While Republican opposition and community protests have slowed the projects here, transportation policy experts and members of both parties also place blame for the failures on missteps by the Obama administration — which in July asked Congress for nearly $10 billion more for high-speed initiatives.
Instead of putting the $11 billion directly into those projects, critics say, the administration made the mistake of parceling out the money to upgrade existing Amtrak service, which will allow trains to go no faster than 110 miles per hour. None of the money originally went to service in the Northeast Corridor, the most likely place for high-speed rail.
Rest:
http://www.nytimes.com/2014/08/07/us/delays-persist-for-us-high-speed-rail.html?hpw&action=click&pgtype=Homepage&version=HpHedThumbWell&module=well-region®ion=bottom-well&WT.nav=bottom-well&_r=0
"$11 Billion Later, High-Speed Rail Is Inching Along"
WASHINGTON — High-speed rail was supposed to be President Obama’s signature transportation project, but despite the administration spending nearly $11 billion since 2009 to develop faster passenger trains, the projects have gone mostly nowhere and the United States still lags far behind Europe and China.
While Republican opposition and community protests have slowed the projects here, transportation policy experts and members of both parties also place blame for the failures on missteps by the Obama administration — which in July asked Congress for nearly $10 billion more for high-speed initiatives.
Instead of putting the $11 billion directly into those projects, critics say, the administration made the mistake of parceling out the money to upgrade existing Amtrak service, which will allow trains to go no faster than 110 miles per hour. None of the money originally went to service in the Northeast Corridor, the most likely place for high-speed rail.
Rest:
http://www.nytimes.com/2014/08/07/us/delays-persist-for-us-high-speed-rail.html?hpw&action=click&pgtype=Homepage&version=HpHedThumbWell&module=well-region®ion=bottom-well&WT.nav=bottom-well&_r=0