“Spend first, answer questions later.” So concludes a critical editorial in the January 12 edition of the Washington Post, commenting on California’s proposed $43 billion High-Speed Rail program. The Post editorial, along with a January 11 article in the New York Times (both of which we reprint below), are emblematic of the increasingly skeptical press and public opinion concerning the fiscal and economic soundness of the Obama Administration’s high-speed rail initiative.
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Skepticism About High-Speed Rail Is Growing
Thursday, January 13th, 2011High-Speed Rail Debate Refuses to Quiet Down
Monday, November 1st, 2010In a November 1 column in the Washington Post reproduced below, the respected economist Robert J. Samuelson attacks the Administration’s high-speed rail program as “wasteful spending masquerading as a respectable social cause.”…Samuelson’s blunt assessment appears in stark contrast to the Administration’s confident prediction, in the words of top federal transportation officials, of “a world class network of high-speed corridors” that would connect “80 percent of America in the next 25 years at a cost of $500 billion.” How can professional judgments be so diametricaly opposed and whose judgment will prevail?
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