Comments on: Rail court decision could run over future bonds

By: LetitCollapse

LetitCollapse — Sat, 01 Nov 2014 01:56:54 +0000

In reply to Richard Rider. Correct, Richard. You know it only costs $140 for a RT airfare from LA to SF, right? An hour flight. The crazy train will still take at least 5 hours one-way with stops and slowdowns. @ 220mph it might take 2 hours and 40 minutes at that speed straightaway with no slowdowns or stops along the way, which of course is LUDICROUS! Amtrack takes about 13 hours! HAH! A crazy train will cost AT LEAST $250 RT from LA to SF. The interviewer was not a stupid person. He knows it's BS too, but let the so-called train expert have his way with the audience. It was a sales pitch, and a deceitful one at that! We need to repair our infrastucture that is falling apart. Not pay $70B or more for a stupid choo-choo.

By: Richard Rider

Richard Rider — Fri, 31 Oct 2014 19:12:46 +0000

In reply to LetitCollapse.

Letit — This bozo claims that he is a “rail expert” and makes such a dumbass “2 hour 40 minute” statement? You’d THINK the other side would at least TRY to field someone credible.

This person is definitely NOT credible — at least in a debate format. I salivate thinking about going head-to-head with such dishonesty in a live format.

And the pricing is just as ludicrous. Not only that, the HSR Authority has since issued more realistic (and STILL grossly underpriced) ticket prices (I think it was $125 each way). This “expert” was using information out of the original dishonest ballot measure! Where do they FIND such people?

By: LetitCollapse

LetitCollapse — Fri, 31 Oct 2014 18:52:28 +0000

I heard some goofball on the radio this morning who is supposed to be an expert on trains. Naturally, he has a background in the industry and is a big supporter of the crazy train. I wanted to toss the radio out the window when he claimed that the LA to SF run will only take 2 hours 40 minutes. If you do the math, that is ONLY possible if the train traveled at 220 MPH without any slowdowns or stops along the way. The interviewer on the radio didn’t even bring it up!!! heh. Typical media. Oh, and he said a ticket will be the same price or cheaper than a airfare from LA to SF. LIAR! How are they going to spend over $70B on a stupid train and price the tickets @ $140 RT from LA to SF??? IMPOSSIBLE!!! These people are LYING TO YOU before and while the train is built. And after it’s finished YOU ARE GOING TO SEE THE REALITY OF THE SITUATION!!! NONE OF THE PROMISES WILL BE KEPT!!! You folks are being PLAYED by these scoundrels!!! Your infrastructure is literally falling apart. Water mains are breaking. Buildings that wouldn’t sustain a 6.5 quake are claimed to be safe. Potholes everywhere!!! AND THEY WANT TO SPEND $70B of YOUR money on the equivlent of an Edsel!!! And no matter how much you protest the ruling class represented by the high courts always get what they want!!! 🙁

By: Richard Rider

Richard Rider — Thu, 30 Oct 2014 16:47:32 +0000

If we had the same 2/3 majority requirement for state bonds (such as this bond) that we have for most city and county bonds, it would likely not pass. Sadly, it takes only 50% voter approval to pass a state bond.

Moreover, there’s no tax increase directly tied to state bonds — it seems like something for nothing to many voters. Such bonds are paid for out of the state general fund.

Given any slide in our booming stock market (and the resulting diminished capital gains tax collected), such growing bond obligations will only increase the pressure for further “necessary” tax increases.

By: Ulysses Uhaul

Ulysses Uhaul — Thu, 30 Oct 2014 16:29:09 +0000

Yawn……stretch…..Gulp…gulp….scratch…..nite!

By: LetitCollapse

LetitCollapse — Thu, 30 Oct 2014 05:04:01 +0000

Well, I see the Feds claimed that they’ve stopped QE yet have committed to keeping interest rates low (as if they have a choice)! hah. If the rates normalized to 6% the interest on the fed debt would be nearly a trillion dollars and it would consume more than a third of the nation’s operating budget!! hah. That alone would blow up the economy. Don’t believe a thing they tell you. They are still backdooring the banks with bailouts in some form or fashion. Otherwise the interest rates would have to rise. Or they are going to implement another program to replace QE and just call it something else. This is simply math, friends. They have painted us into a corner with no way out and all of us are going to get screwed royally. Once the bond markets get a whiff of this hang onto your hats. It’s going to be one wild ride. Store water and food. And if you don’t own protection – buy some! We can’t give you a date. Only God knows that. But it’s coming. And very likely in your lifetime. 😉

By: LetitCollapse

LetitCollapse — Thu, 30 Oct 2014 02:16:56 +0000

“But the ruling also cast a pall over other bond measures because it’s not clear how literally the exact wording of such measures must be interpreted.”

Ah come on. You guys have been around long enough to know that the important rulings will always be interpreted in favor of the ruling class – just like ObolaCare was. Just like the Patriot Act was. Just like NSA domestic spying was. The ruling class ALWAYS gets what it wants. And it will be the same with the crazy train. Your masters will win again!
Anybody with 2 brain cells understands that the crazy train would be a massive failure. Like the Edsel. You would have to pay at least $250 for a round trip fare from LA to SF that would take at least 5 hours one-way with transfers and stops. By comparison, you could buy a round trip airfare for $140 that would get you to SF in less than an hour. You’d have to be a complete imbecile to pay over $100 more for a trip that would last you 4 hours longer unless you’ve got time and money to burn!!! HAH! Nobody’s going to ride on the crazy train!!! You’d have to be nuts!!! 😀