Out of Control Policy Blog

“Single Best Investment” (High Speed Rail) ....I Doubt It

Some states including Virginia were “disappointed” as to their portion of $8+ billion high speed rail money distributed recently by the Federal Government.  To hear the proponents of high speed rail such as Vice President Joe Biden tell it, it is the “Best single investment”  we could make.  For the proponents,  it  is the answer to everything--jobs, congestion and all the transportation problems of the future.

John Stossel had different take on high speed rail expenditures and the real cost  in an interview with Randall O’Toole of the Cato Institute.
 
Well worth the viewing. 

As my colleague Bob Poole noted about the Florida high speed rail “this gift horse looks to me like a gift that will keep on taking” 

The states that are “disappointed” perhaps should thank their lucky stars

Shirley Ybarra is Senior Transportation Policy Analyst


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