An Editorial From The Las Vegas Review-Journal; August 10, 2018
High-speed rail in California has turned into a slow-motion train wreck. At least it provides a case study in how inaccurate — or untruthful — government experts are when it comes to predicting the cost of new programs.
In 2008, California voters approved a $10 billion bond to start building a bullet train from San Francisco to Los Angeles. In the supposedly neutral description of the proposal, a legislative analyst determined the route, along with spurs to San Diego and Sacramento, would cost $45 billion. Proponents promised that speeds of up to 220 mph would allow riders to go from “Los Angeles to San Francisco in about 2½ hours for about $50 a person.” They also said California could pay the bond back “without raising taxes.”’
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