Oops… $5 Billion Up the Spout

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The little engine that couldn’t

California Gov. Gavin Newsom has canceled his state’s infamous “high-speed rail” project, saying it would cost too much (ya think?) and take too long (https://www.breitbart.com/politics/2019/02/12/california-governor-gavin-newsom-cancels-high-speed-rail-would-cost-too-much-and-take-too-long/).

In 2008 this pipe dream was born, and nursed by then-governor Jerry Brown, as the answer to California’s perceived overuse of the car. The original estimated cost of creating a “bullet train” linking San Francisco and Los Angeles: $37 billion.

By now they’ve already spent $5 billion, with nothing to show for it, the estimated cost has swollen to $77 billion–maybe as high as $100 billion, some say–and could not be finished earlier than 2033.

California also ran into a problem when a lot of the people in really expensive neighborhoods, who initially voted for the project, discovered the train would run through their own vicinity. So they changed their minds about it in a hurry, and opposed it. This phenomenon has its own acronym, NIMBY–“Not In My Back Yard.” Somehow their own cherished Green New Deal project totally lost its appeal for them.

The $5 billion is spent and gone. It cannot and will not be recovered.

Big Government–it trashes everything it touches.

11 comments on “Oops… $5 Billion Up the Spout

  1. But, but, but … if we don’t build the high-speed rail, how will we be able to eliminate air travel the way Ocasio-Cortez wants us to do? 🙂

    1. True … and as Everett Dirksen once allegedly said, “A billion here, a billion there, pretty soon you’re talking real money.” (Actually, it appears that he never really said this.)

  2. I think many people assume that if someone has gotten him/herself to the highest levels of government, they must be geniuses.

    “That’s ridiculous” Cortez just popped that balloon, really fast!

  3. Maybe there’s an unknown form of insanity which causes an extreme desire to spend other people’s money. 🙂

  4. Argh! These lawmakers ought to be held accountable, something tells me there’s also some cronyism benefit of the guys who were getting these money too…

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