Posted by Jon Fleischman at 9:20 am on Jul 09, 2012 1 Comment
From today’s Wall Street
Journal Political Diary E-mail…
California’s Railroad Job
by Allysia Finley
Republicans once speculated that California Rep. Jim Costa
traded his ObamaCare vote—he was one of the last Blue Dog
holdouts—for increased federal water allocations to his Central
Valley district, which spans from Fresno to Bakersfield. But he may
have driven a much harder bargain, which will end up costing state
taxpayers billions.
California’s state legislature on Friday green-lighted funding
for its $68 billion (or more) bullet train, which in 30 years may
connect San Francisco and Anaheim. Since the state has only enough
cash in hand to build about 100 miles of track, the train will more
likely dead end in Bakersfield, about 130 miles south of Fresno,
where the first segment is supposed to begin. Coincidence?
Two weeks before the 2010 midterm elections, the White House
announced that it would award California $700 million in high-speed
rail funds (in addition to the $2.6 billion of stimulus money
Congress had already… Read More