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Istook1045 High Speed Rail Boondoogle Is Slowing Down

Recorded on June 12, 2012

From The Heritage Foundation, I'm Ernest Istook.

Green jobs are not the only big-government boondoogle.

There's also high-speed rail. Buyers remorse has begun as voters realize that costs were understated, ridership was overstated, and trains would actually be far slower than advertised.

President Obama got $8-billion approved for high-speed rail and he wants another $40-billion. But that's just a drop in the bucket of actual costs.

Governors in Florida, Ohio and Wisconsin rejected federal money when they discovered that the hype had covered-up enormous state costs.

Now voters in California have cold feet about the $9-billion they approved in 2008 for high-speed rail. Updated numbers show it could cost almost $100-billion just to connect Los Angeles with San Francisco. A poll shows 59 percent of Californians want to reverse their support for high-speed rail and 69 percent say they would rarely ride that train.

From The Heritage Foundation, I'm Ernest Istook.