Reason.tv: 3 Reasons Obama’s High-Speed Rail Will Go Nowhere Fast
by Nick GillespieSupertrain 2010 = Supertrain 1979!
President Barack Obama has pledged $8 billion in tax dollars to build a national network of high-speed rail—trains that can carry passengers at speeds in excess of 150 MPH.
But the Supertrain fantasy was a mistake back in the 1970s, when it gave rise to one of the most expensive—and rotten—TV shows in history. And it’s just as much of a wreck in the 21st century for at least three reasons:
1. The lowball costs. CNN estimates that delivering on the plan could cost well over $500 billion and take decades to build, all while failing to cover much of the country at all. Internationally, only two high-speed rail lines have recouped their capital costs and all depend on huge subsidies to stay in operation.



















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