Thursday, January 5, 2012

California Dreamin'

According to an official study, California's $100 billion high-speed rail project,
'(I)s not financially feasible.' Gov. Jerry Brown's office signals that he isn't likely to be swayed by the findings.
I wouldn't normally care about what goes on in another state, but I get the feeling that the other 49 states will be bailing out the bond holders once this white elephant goes belly-up. Of course in 20 years $100 billion might be equivalent to today's buck fity so who cares.

Meh. It's just as believable as the Texas high-speed rail plan that will supposedly be paid for by the Japanese.

2 comments:

Anonymous said...

What happened to your Koch/Paul story?

Lou Minatti said...

I took it down. Not worth the hassle. Since you read it, what do you think? You have to admit it is very odd that they are all connected and the RP platform is identical to the JBS platform.