A billion here, a billion there for high-speed rail
by John Seiler | May 11, 2014 1:46 am
“A billion here, a billion there, and pretty soon you’re talking real money,” Sen Everett Dirksen, R-Ill., supposedly said, although the Dirksen Center says [1]there’s no record of it. The longtime Republican minority leader died in 1969.
But whoever said it, the saying comes to mind as California’s supposedly high-speed rail project now is projected to cost another $1 billion[2] for the key Fresno-to-Bakersfield segment. The new estimate boosts that price by 15 percent in just three years. Talk about inflation.
It’s a typical government program, costing way more than initially advertised.
And check out Chris Reed’s take on this development[3].
- Dirksen Center says : http://www.dirksencenter.org/print_emd_billionhere.htm
- cost another $1 billion: http://www.latimes.com/local/la-me-bullet-train-costs-20140508-story.html
- Chris Reed’s take on this development: http://calwatchdog.com/2014/05/09/63423/
Source URL: https://calwatchdog.com/2014/05/11/rail-project-costs-another-billion/