We at Unleash Prosperity have been blowing the whistle on the California high-speed rail scam for years.
The train fiasco is now finally put to rest – at least for federal funding – after 300% cost overruns. Now, House Committee on Oversight and Government Reform Chairman James Comer (R-KY) is investigating what happened to all the federal dollars poured into the corrupt and/or incompetent California High-Speed Rail Authority.
In a letter to Secretary of Transportation Sean Duffy, Comer said: “We are seeking to understand whether the Authority knowingly misrepresented the ridership projections and the associated financial viability of the California High-Speed Rail Project.”
Noting that “not one route is complete” 17 years after voters approved bond funding, the spending on the project has escalated to as much as $128 billion from an initial estimate of $33 billion. Moreover, Comer said, the High Speed Rail Authority is “facing financial collapse.”
Comer added: “The massive cost overruns and lack of progress warrant a reassessment of whether CHSRA acted with transparency and complied with the law.”
The letter cited research published by Unleash Prosperity, Stanford University’s Hoover Institution and other sources.