By Judy Lin
California lawmakers approved billions of dollars Friday in construction financing for the initial segment of the nation’s first dedicated high-speed rail line connecting Los Angeles and San Francisco. The move marked a major political victory for Democratic Gov. Jerry Brown and the Obama administration. Both have promoted bullet trains as job generators and clean transportation alternatives. “No economy can grow faster than its transportation network allows,” U.S. Transportation Secretary Ray LaHood said in a statement applauding the legislative vote. “With highways between California cities congested and airspace at a premium, Californians desperately need an alternative.” The bill authorizes the state to begin selling $4.5 billion in voter-approved bonds that includes $2.6 billion to build an initial 130-mile stretch of the high-speed rail line in the Central Valley. That will allow the state to collect another $3.2 billion in federal funding that could have been rescinded if lawmakers failed to act Friday. To Read More …
My Take: Another Jerry "The Moonbeam" Brown future disaster in the making. This is going to be interesting to watch. They can’t pay their bills, they are running massive deficits, they have uncontrollable public service unions with massive salaries and pension obligations that in no way can be met; a problem which Jerry Moonbeam is largely responsible for from when he was governor in 1976 by approving the collective bargaining for California government workers. “For unions, Jerry Brown has been the governor who always kept on giving”. So now they want to build a railway that won’t make money. A railway that will eventually be abandoned because the cost of paying for it and the maintenance costs will be greater than the revenue. This isn’t Europe. This is America, and Americans want cars. Just in case no one in California noticed…..that is why there is a super highway system. There is one more point that I would like to make. We should thank California. Their stupidity is an inspiration for the rest of the nation. We simply watch what they do and then just do the opposite.
Success will then be guaranteed!