Another California Billion Dollar Boondoggle

By:  Martha Montelongo
11/22/2011
       
Another California Billion Dollar Boondoggle

Voters beware the salesmen who come with hat in hand, pitching shiny or miraculous services and benefits for a bargain bottom price and the promise of a profit. Your wallets and blank checks are their target.  With a ballooning price tag and doubts about federal funding, it is increasingly obvious that voters were sold a bill of goods by the backers of California’s high-speed train to nowhere....

 

Voters beware the salesmen who come with hat in hand, pitching shiny or miraculous services and benefits for a bargain bottom price and the promise of a profit. Your wallets and blank checks are their target.

With a ballooning price tag and doubts about federal funding, it is increasingly obvious that voters were sold a bill of goods by the backers of California’s high-speed train to nowhere....

“More grim news on $99 billion high-speed rail plan, as showdown looms” — San Jose Mercury News

 “The price tag for this risky transit gamble is now nearly $100 billion — more than twice the original estimate,” — FoxandHoundDaily.com

George Runner, a member of California’s Board of Equalization and a former state Senator, in a post on an influential California political blog on November 8, said: “The new number is greater than California’s entire annual state budget. To fund the entire project today, every Californian, including men, women and children, would need to write a check for more than $2500.”

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