$3k per inch train tracks expose government corruption in California

$3k per inch train tracks expose government corruption in California

Sacramento : CA : USA | Jun 05, 2012 at 11:36 AM PDT
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Many people believe that the most trustworthy guardian of the economy is government, but even in the most public of government projects this facade is quickly worn down.

In a costly example of government spending run amok, the much-lauded Bay Area to Los Angeles high-speed rail tracks pushed by the money hungry state California are expected to cost $100 billion in total. For the planned 500 miles of track this comes out to $3000 per linear inch or $200 million per mile.

Reference from the project website: http://www.cahighspeedrail.ca.gov/assets/0/152/198/f7ba34bb-9822-4ed8-9f8c-d85a5a634994.pdf

The project will be funded by a combination of sources: local and federal tax payers who have no right to refuse surrendering thier money; future generations of holders of the dollar who will have to deal with the unpaid for debt; and treasury bond purchasers in the event of a default. Because this was partially funded by Barack Obama's stimulus package, all United States tax payers are paying for a portion of this project.

Further escallating the situation are suggestions that the project may be abandoned halfway through, at which point over $60 billion will have already been spent on this railway to no-where. Even if the project stays on schedule, it will not be completed until 2028. $125 train tickets will have to compete with $60 express jetliner tickets.

While investigations into corruption in the contracting process are underway, the project continues. Although the popularity of the project has plummeted in California, with 60% disapproving in latest polling, a large portion of the expenditure has been appropriated. In 16 years when the bullet train is slated to be fully operational, what will be its legacy?

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California High Speed Rail Map
The proposed map for high speed rail in California, expected to cost $200 million per mile.
Ryan Pierce is based in Austin, Texas, United States of America, and is a Reporter on Allvoices.
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