Joe Biden just awarded $3 billion of federal tax dollars to subsidize the California high-speed rail fiasco. The figure below shows the costs have almost quadrupled the original estimates by the rail planners. It’s not a high-speed rail project any longer because it is using commuter tracks that slow down the trip. And it won’t go from Los Angeles to San Francisco as promised. Instead, it will go from Merced to Bakersfield. And it was supposed to be built by 2020 and it still has a long way to go.
Our prediction is that the feds will be writing checks for $30, not $3 billion when all is said and done. Somebody, please pull the plug!