California's plans to build a 220-mph train system between the Bay Area and Southern California will get a big boost today when President Obama and Vice President Joe Biden award the state more than a quarter of the $8 billion in federal stimulus money devoted to creating high-speed rail networks.California will receive $2.25 billion - more than any other corridor - to help build the 800-mile high-speed rail project, which has an estimated construction cost of $42 billion. State voters in 2008 approved the sale of $10 billion in bonds to help build the system.
"This award is fantastic news for California and for our state's high-speed rail project," said Curt Pringle, chairman of the California High Speed Rail Authority and mayor of Anaheim. "This award will go toward specific projects, but it will benefit every single section of our planned high-speed rail system by moving this entire vision closer ... to being the first true high-speed rail system in the United States."
Once again, California already owes billions they can't pay back. Even with the bond issue and the billions from the feds, they are still 30 BILLION short of even getting this project put together.
Are these people INSANE!
Originally, I believed the tone deafness of the Obamunists was attributable to the arronagance of The One. Now it's clear there's a true delusional quality to being a liberal in general.
More......
Thanks reader Jeremy.
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