California's train to nowhere
posted by Rob Anderson @ 2:45 PM
4 comments
District 5 Diary
Rob Anderson's commentary on San Francisco politics from District 5
Thursday, May 31, 2012
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4 Comments:
What is the point of this video? You have to start somewhere. No one seriously thinks the train will only go to Fresno.
The only reason the costs are so high is because of jackasses who sue the state to get part of the gravy train for coming near their property.
I'm absolutely proud to have my tax money pay for this. Bring it on.
Typical comments by high-speed rail supporters that fail to even try to come to grips with the cost of building the system, which has nothing to do with litigation. Since the projected cost may be over $100 billion, how high does that number have to get before it's unacceptable? $200 billion? $300 billion? When you compare costs to the alleged benefits, this project makes no sense.
State voters in 2008 okayed $9.95 billion in bonds to build the system---which would cover only a fraction of the cost---but if/when those bonds are sold, the annual interest payment will be $647 million for a state that's now bankrupt and is closing state parks and cutting school funding. How can that possibly be a good deal for California?
Pretty sure "Corky" doesn't pay any federal taxes, not sure about state. Obviously lives off of those who work.
Corky happens to pay a lot of taxes, which I'm not entirely happy about but getting this train built will ultimately save me, personally, a lot of money when I go to LA in terms of time savings.
This train will also be an economic miracle for the central valley and will take pressure off development in the inner bay area by making long distance commuting far more palatable.
It's worth every penny. $100 Billion is absolutely worth it, assuming it's done right, which I agree is still questionable knowing government and the people who will try to get a piece of the action.
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