red states rule
05-11-2013, 04:10 AM
Another example for NOT raising taxes
The Great Train Robbery (http://spectator.org/archives/2013/05/09/the-great-train-robbery)
NOTHING FITS the Obama administration’s economic project better than high-speed rail. It’s based on visions of a utopian future, employs gobs of union labor in its construction, can be used to reward (http://spectator.org/archives/2013/05/09/the-great-train-robbery#) political allies and donors, and makes use of analysts eager to churn out dubious studies justifying it on economic grounds. Call it Solyndra on steroids.
The poster child for high-speed rail is California’s proposed 500-mile bullet train from Anaheim to San Francisco. Since it would begin at Disneyland and end at cultural la-la land, critics can’t resist snarking that the train would be on a fast track from “Fantasy to Delusion.”
California voters approved a $10 billion bond for high-speed rail by 53 percent back in 2008. At the time, the state’s high-speed rail authority touted a price tag of only $33 billion, most of it to be financed by grants from Washington, D.C., and money from private investors. No subsidies would be needed; train fares would cover all of the project’s operating costs. But now things look different. The authority currently estimates the gold-plated train will cost upwards of $98 billion.
So far, Congress has ponied up only $3.9 billion in actual money for construction, and that’s on the condition that the state build the first segment of the train in the sparsely settled Central Valley, presumably because there’s less resistance in rural areas than in big cities filled with environmental purists. But increasingly both rural and urban voters are turning up their noses at “slick rail.” Polls show two-thirds of Californians now want a referendum on it, and a clear majority would vote to throw the project in reverse.
One reason is that the premises behind high-speed rail now look more Rube Goldberg than Star Trek. Certainly its purported goals—getting people out of cars and reducing energy consumption, all paid for with OPM (other people’s money)—look increasingly dubious. Train backers are relying on greatly exaggerated ridership projections, hallucinatory promises of billions in private investment (http://spectator.org/archives/2013/05/09/the-great-train-robbery#), and the false expectation that debt-ridden Washington will bail out the cost overruns.
Wendell Cox, a public policy consultant and author of papers on high-speed rail for the Heritage and Reason Foundations, wrote in the Wall Street Journal last year that studies in Europe, Japan, and China show
car users typically avoid high-speed rail because of its high cost and the time and expense added by having to rent a car (http://spectator.org/archives/2013/05/09/the-great-train-robbery#) or hire taxis to reach their final destinations. World-wide the largest share of high-speed rail riders are people who used to ride slower trains. There are not enough California train riders now to create a solid base of future fast-train riders. And there is nothing to support the notion that current motorists will switch to rail in substantial numbers.
Jerry Brown, California’s Democratic governor, is still a big train backer. But other governors are bailing out of programs in their states. Florida’s Rick Scott killed a Tampa–Orlando train after he learned the cost and ridership assumptions were cooked. Wisconsin governor Scott Walker and Ohio governor John Kasich walked away from similar projects.
Even in California, several staunch supporters of high-speed rail are having second thoughts. In order to avoid environmental opposition, the high-speed rail authority has abandoned plans to lay the entire route with new track. Instead, in the Bay Area, the new trains would share tracks with local commuter lines. This so-called “blended system” jeopardizes the legal commitment made to California voters in the 2008 bond measure they approved: that a trip between Los Angeles and San Francisco would take no more than 2 hours and 40 minutes. In addition, money given to local commuter systems by the high-speed rail authority violates pledges that no bond money would be diverted to such purposes.
http://spectator.org/archives/2013/05/09/the-great-train-robbery
The Great Train Robbery (http://spectator.org/archives/2013/05/09/the-great-train-robbery)
NOTHING FITS the Obama administration’s economic project better than high-speed rail. It’s based on visions of a utopian future, employs gobs of union labor in its construction, can be used to reward (http://spectator.org/archives/2013/05/09/the-great-train-robbery#) political allies and donors, and makes use of analysts eager to churn out dubious studies justifying it on economic grounds. Call it Solyndra on steroids.
The poster child for high-speed rail is California’s proposed 500-mile bullet train from Anaheim to San Francisco. Since it would begin at Disneyland and end at cultural la-la land, critics can’t resist snarking that the train would be on a fast track from “Fantasy to Delusion.”
California voters approved a $10 billion bond for high-speed rail by 53 percent back in 2008. At the time, the state’s high-speed rail authority touted a price tag of only $33 billion, most of it to be financed by grants from Washington, D.C., and money from private investors. No subsidies would be needed; train fares would cover all of the project’s operating costs. But now things look different. The authority currently estimates the gold-plated train will cost upwards of $98 billion.
So far, Congress has ponied up only $3.9 billion in actual money for construction, and that’s on the condition that the state build the first segment of the train in the sparsely settled Central Valley, presumably because there’s less resistance in rural areas than in big cities filled with environmental purists. But increasingly both rural and urban voters are turning up their noses at “slick rail.” Polls show two-thirds of Californians now want a referendum on it, and a clear majority would vote to throw the project in reverse.
One reason is that the premises behind high-speed rail now look more Rube Goldberg than Star Trek. Certainly its purported goals—getting people out of cars and reducing energy consumption, all paid for with OPM (other people’s money)—look increasingly dubious. Train backers are relying on greatly exaggerated ridership projections, hallucinatory promises of billions in private investment (http://spectator.org/archives/2013/05/09/the-great-train-robbery#), and the false expectation that debt-ridden Washington will bail out the cost overruns.
Wendell Cox, a public policy consultant and author of papers on high-speed rail for the Heritage and Reason Foundations, wrote in the Wall Street Journal last year that studies in Europe, Japan, and China show
car users typically avoid high-speed rail because of its high cost and the time and expense added by having to rent a car (http://spectator.org/archives/2013/05/09/the-great-train-robbery#) or hire taxis to reach their final destinations. World-wide the largest share of high-speed rail riders are people who used to ride slower trains. There are not enough California train riders now to create a solid base of future fast-train riders. And there is nothing to support the notion that current motorists will switch to rail in substantial numbers.
Jerry Brown, California’s Democratic governor, is still a big train backer. But other governors are bailing out of programs in their states. Florida’s Rick Scott killed a Tampa–Orlando train after he learned the cost and ridership assumptions were cooked. Wisconsin governor Scott Walker and Ohio governor John Kasich walked away from similar projects.
Even in California, several staunch supporters of high-speed rail are having second thoughts. In order to avoid environmental opposition, the high-speed rail authority has abandoned plans to lay the entire route with new track. Instead, in the Bay Area, the new trains would share tracks with local commuter lines. This so-called “blended system” jeopardizes the legal commitment made to California voters in the 2008 bond measure they approved: that a trip between Los Angeles and San Francisco would take no more than 2 hours and 40 minutes. In addition, money given to local commuter systems by the high-speed rail authority violates pledges that no bond money would be diverted to such purposes.
http://spectator.org/archives/2013/05/09/the-great-train-robbery