They voted to kill project under Trump. But he refused to pay the matching funds for a dead project. Now they are ready to steal 50 billion more and still not have a train. On a personal note I voted for increase in gas tax in 1994 for this train. This failure opened my eyes to how inept gov can be.
It's all going to cover unfunded liabilities from massive payouts to public unions in the dot-com boom/bust of the 90's.
They assumed 8.5% returns, and got 2%. Now they're billions in the hole and every supposed infrastructure plan just tries to fill the hole -- they recently passed like a 50 cent gas tax said to "improve roads", but it's just going to union pension funds.
And in Texas, a private company is building a high speed rail, with better technology, at a lower cost, over a longer distance, with no state involvement.
They voted to kill project under Trump. But he refused to pay the matching funds for a dead project. Now they are ready to steal 50 billion more and still not have a train. On a personal note I voted for increase in gas tax in 1994 for this train. This failure opened my eyes to how inept gov can be.
The "government" in action boys. Money well fucking spent.
It's all going to cover unfunded liabilities from massive payouts to public unions in the dot-com boom/bust of the 90's.
They assumed 8.5% returns, and got 2%. Now they're billions in the hole and every supposed infrastructure plan just tries to fill the hole -- they recently passed like a 50 cent gas tax said to "improve roads", but it's just going to union pension funds.
The Bullet Train to Nowhere
Just how many payoffs is this servicing?
And in Texas, a private company is building a high speed rail, with better technology, at a lower cost, over a longer distance, with no state involvement.
Classic government spending. The people in this fucking state I swear.
I'd ride it