Monday, January 30, 2012

Latest Hare-Brained Scheme: Use Cap-n-Trade Loot to Pay for High-Speed Rail



As California’s high-speed rail project runs out of steam, you’d expect a savvy politician to shunt the thing onto a siding and earn points with the voters for making a tough-but-necessary decision.

Not Gov. Jerry Brown.

Taking a page out of President Obama’s green-loan-guarantee playbook, Brown only fights harder to keep the California High-Speed Rail Authority doing whatever it is that the authority does. Most recently, Brown took to the airwaves to say that his own team’s estimate of the project’s projected cost is “way off.”

Read more: http://reason.com/blog#article_155414

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