"A new study by the libertarian Reason Foundationfinds that the California High-Speed Rail System will saddle taxpayers with losses between $124 million to $373 million a year.
Exaggerated ridership estimates and slower-than-promised trip speeds make the California bullet train project a big financial loser for taxpayers, says the study."
But analysis like this is only for the sheeple. The kind of little lambs that voted for the bonds to fund this turd on wheels.
In fact, the rail project does everything it is supposed to do if you look at it from the politicians standpoint.
It allows them to pick the public's pocket to pay off the big labor unions, who in turn get employment for years working on this. They in their turn donate millions to the campaigns of Demorats.
It's a win/win for everyone except the people who work for a living and pay taxes.
Jerry Brown is a locust on the once fertile fields of California, and is now gnawing down the last green shoots of it's once great economy.
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