Wednesday, February 16, 2011

HSR joke

Fiscal responsibility doesn't matter to the California legislators. Florida's decision to cancel plans to build a train that would cost them $3billion they don't have should be a hint to CA's blind obsession to have its HSR. In 2008, the voters were misled to say yes to build a proposed $43billion train but, the bond was for $9billion. There is a $34billion dollar gap that doesn't seem to matter. While Florida says no to a $3billion dollar debt, California seem eager to accept a 10-fold higher debt. And; that $43billion price tag, BTW, is estimated at half to one fifth of what other transportation experts cost analysis are.

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