Saturday, January 5, 2013

U.S. Taxpayers to Bailout Rail Project with $42 Billion

After getting slammed with higher taxes, Americans throughout the U.S. will be on the hook for the multi-billion-dollar infusion necessary to complete a grossly mismanaged high-speed rail system in California.
 Even those who have never been to the state and have no association with it will contribute because federal lawmakers have essentially agreed to fund the project, which will end up costing a monstrous $68.4 billion to finish and hundreds of millions of dollars annually to operate and maintain. The high-speed rail system will run 520 miles from San Francisco to Los Angeles and is scheduled to be completed by 2028.

Read more: http://www.judicialwatch.org/blog/2013/01/u-s-taxpayers-to-bailout-rail-project-with-42-billion/

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