Little-Acorn
11-26-2013, 04:50 PM
This has always been the White Elephant project of all White Elephant projects. A hundred billion dollars, spent to benefit a very few people, at a time when California already has adequate road and air transportation, and is under staggering debts with its liberal politicians pouring on more and more.
Not sure what Obama has to do with all this, aside from the fact that massive Federal funds were coming in to help pay for it, even though most of the country would never had ridden on the train.
Then, to everyone's surprise, a judge actually announced that California had to obey the law.
That brought everything to a screeching halt.
Hopefully the second sentence of the article is correct.
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Obama's High-Speed Rail Plan Loses Big in California Court
Conn Carroll | Nov 26, 2013
California Gov. Jerry Brown can not spend state bond revenues on President Obama's signature transportation project until the state can identify how they will pay for the entire $68 billion project, a California court ruled Monday. The decision almost certainly spells death for the project.
This August, Superior Court Judge Michael Kenny ruled that the California High Speed Rail Authority (CHSRA) “abused its discretion by approving a funding plan that did not comply with the requirements of the law."
That law would be Proposition 1A (the “Safe, Reliable, High-Speed Passenger Train Bond Act for the 21st Century”), which required the CHSRA to identify “sources of all funds to be invested in the corridor” and complete “all necessary project level environmental clearances” before construction can begin.
At the time, Democrats sold Obama's high-speed rail plan as a $40 billion project. But that number quickly skyrocketed to more than $100 billion, after California voters approved it, of course.
Not sure what Obama has to do with all this, aside from the fact that massive Federal funds were coming in to help pay for it, even though most of the country would never had ridden on the train.
Then, to everyone's surprise, a judge actually announced that California had to obey the law.
That brought everything to a screeching halt.
Hopefully the second sentence of the article is correct.
-------------------------------------
Obama's High-Speed Rail Plan Loses Big in California Court
Conn Carroll | Nov 26, 2013
California Gov. Jerry Brown can not spend state bond revenues on President Obama's signature transportation project until the state can identify how they will pay for the entire $68 billion project, a California court ruled Monday. The decision almost certainly spells death for the project.
This August, Superior Court Judge Michael Kenny ruled that the California High Speed Rail Authority (CHSRA) “abused its discretion by approving a funding plan that did not comply with the requirements of the law."
That law would be Proposition 1A (the “Safe, Reliable, High-Speed Passenger Train Bond Act for the 21st Century”), which required the CHSRA to identify “sources of all funds to be invested in the corridor” and complete “all necessary project level environmental clearances” before construction can begin.
At the time, Democrats sold Obama's high-speed rail plan as a $40 billion project. But that number quickly skyrocketed to more than $100 billion, after California voters approved it, of course.