Top 5 reasons why Obama's $8B high speed rail is a train wreck
1. Financially, it is a joke: the largest fast rail subsidy was awarded to California, in the amount of $2.3 billion dollars for a train to run between San Francisco and Anaheim. “A grossly conservative estimate of the actual cost is $ 42 billion dollars for the system. “Therefore, the federal government has provided less than 5.5% of the monumental funds needed to complete this travesty. “The State is expected to match federal funding, while California is on the precipice of declaring bankruptcy. The cost per trip is estimated at $50, to be funded by subsidies derived from taxes as opposed to ticket sales.(4) “At a minimum, taxpayers around the country have been fleeced for $2.3 billion dollars as selected useful idiots will get the jobs.
2. Trains in Japan and Europe differ from America because of population density. “For example, Japan has 880 people living within one square mile, 653 people in Britain per square mile, while there are an average of only 86 people populating one square mile in the U.S., as there is a far greater land mass in the U.S. “The enormous inconvenience will make this system unpopular.(5)”
3. Obama has promised that this endeavor will create many new jobs. “The truth is that most of the equipment and supplies will be outsourced to companies from France, Spain and Asia.(4) “
4. The trains will be anything but fast, most moderate speed trains will run at 110 mph, with an average of 70 mph. “California’s train will top out at 220 mph, for an average speed of 140 mph. (6)”
5. This is not an answer to the concerns of climate change alarmists as most trains will run on diesel fuel, and the electric trains aren’t much better because electricity in the U.S. is generated primarily from coal and fossil fuel.”