Categories
subsidy

Non-​Billions for Non-Trains

The federal government has officially stopped throwing money at California’s long-​in-​the-​non-​making “high-​speed” railroad. A scheduled-​but-​unspent $4 billion in federal subsidy has been canceled.

If the nonexistent project continues, money to fund non-​laying down of non-​tracks must come from other sources.

Non-​tracks? Yes. As Victoria Taft notes, “Not one foot of track” of the not-​in-​progress “high-​speed” railroad of the future has been glued into place. 

We were just getting to track-​laying phase, California Governor Newsom protests.

The going rate for snail-​pace non-​completion of nonexistent, not-​in-​progress railroads is $15 billion (says the Department of Transportation): the estimated amount of federal funding for California’s non-​project to date.

The total graft bin may have been even larger than that; who knows how many nickels for the non-​project have been collected from widows and orphans? But something like $15 billion is how much the federal government doled out over 16 years to ensure the railroad’s non-​construction. Projected total cost of California’s infinite-​prep-​phase railroad: $135 billion.

Why has it taken so long — six-​ish whole months — for the second Trump administration to get around to stoppering this particular gusher of monstrous waste of taxpayer dollars?

Perhaps proceeding as fast as they can, the cost-​cutters and fraud-​flayers take their mission one thing at a time. In Trump’s place, you might be tempted to chuck the whole five-​mile-​thick list of federal expenditures, throw it into the pyre and defund everything, re-​starting from scratch with the courts and military. But not all temptations play out in Washington.

This is Common Sense. I’m Paul Jacob.


PDF for printing

Illustration created with Krea and Firefly

See all recent commentary
(simplified and organized)
See recent popular posts

Categories
folly porkbarrel politics responsibility too much government

A Bullet Train to the Head

Romanticism. The yearning for greatness; the need for speed. Efficiency! It’s all there in California’s high-​speed rail project — hopes and dreams and a sense of the grandeur of progress.

And yet the bullet train project, approved by voters in 2008, is a fiasco.

One can blame the voters, I suppose. At least the 53.7 percent who said yes to a referendum authorizing a 9.95 billion bond. Just to get the project started.

But we shouldn’t, really. All the people pushing the bullet train notion (from Los Angeles to the Bay) said that most of the investment would come from private investors. Further, it would require no ongoing subsidies.

Those assurances, however, “were at best wishful thinking, at worst an elaborate con,” writes Virginia Postrel for Bloomberg.

How bad is it? Total construction cost went from a $33 billion to $68 billion — despite route trimming. The first segment, which is understood to be the easiest to build (shooting through an empty stretch), is four years behind schedule, and still lacks necessary land.

The list of failures goes on and on, and includes a dearth of investors. And then there’s the estimate of the company who got the first bid on the project. It says that the line will almost certainly not be self-sustaining.

“The question now,” Postrel concludes, “is when they’ll have the guts to pull the plug.”

Corruption, hope without realism, business as usual — all these are revealed in the project. And wasn’t the second season of True Detective about this? Let’s hope this real-​world fiasco ends with less bloodshed.

Californians have already lost enough in treasure!

This is Common Sense. I’m Paul Jacob.


Printable PDF

California, high speed, rail, boondoggle, waste, illustration