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High-speed rail: Thumbs up or down?
Considering the various economic crises we now face -- state budget issues, global credit crunch, recession, etc. -- how will you vote on Proposition 1A, the high-speed rail bond on Nov. 4? I asked this question a couple months ago and think about 8 of the 10 respondents said yes. But a lot has changed on the economic front since then, as noted above. Opponents say this is even more reason not to approved the bond measure. Will the government and private investors really fork over the $20 billion that's being counted on to fund the rest of the project? But supporters say we shouldn't be scared off by these questions. For one thing, we're not asking for all the money now. Chances are, we won't the bulk of it for three to 10 years from now. And a lot could change in the economy during that time. They also say that if we don't get started on high-speed rail, it will only become more expensive to build in the future. So what do you think? Yea or Nay? 8 comments from 8 users
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posted by
Tridge
on Oct 10, 2008 at 05:01 PM
posted by
jfrancais
on Oct 10, 2008 at 05:50 PM
I was at a BO rally and he mentioned the idea of creating a national highspeed rail system. That would be a great New Deal job creation scheme if this economy gets any worse. posted by
ActaNonVerba
on Oct 10, 2008 at 07:10 PM
That would be a great New Deal job creation scheme if this economy gets any worse. Except that most of the labor would more than likely be performed by illegal aliens. I see 1A going down to defeat. Badly. posted by
H8cloz
on Oct 10, 2008 at 10:07 PM
I would much rather be in an airplane doing 230 MPH than on a friggin train. Of course, as a pilot, that would be the case, but the fact is you are far safer on the airplane. High speed rail is just "plane" stupid. I would rather spend that money to subsidize regional airline service to local airports and make intrastate travel cheaper and more available. posted by
proam
on Oct 10, 2008 at 10:22 PM
If our Government is hell bent on it, they'll get it done even if they have to have foreign investors finance it. Then we will make another foreign country even richer, by them charging us through the nose to travel. If anyone feels the need to buy into stock, you might give some thought to vaseline. posted by
NancyII
on Oct 10, 2008 at 10:33 PM
I chimed in on this before and have the same comments. You won't be able to go to San Francisco on Amtrak. You won't be able to go to any towns off the line without alternative transportation and that eliminates a lot of cities. I talked to RR son and he said he thnks it's a great idea and would love to see it but doesn't think it will happen any time soon especially in this economy. posted by
catpaw
on Oct 11, 2008 at 08:35 AM
I'd love to see high speed rail cover the length of the state. The benefits would be enormous and I think it would pay for itself alot faster than some critics think. It is a project that has been delayed for too long. posted by
lawrence3
on Oct 11, 2008 at 08:50 AM
I am voting no on this proposal. The state is already saddled with huge debts. We as a state can ill afford to pay for another "convenience" like this one. 33 Billion Dollars and the state legislature can't agree to reduce spending to pay down on an already huge debt of over 30 billion dollars. Quite frankly, if the debt is $2 or $10 Billion the debts should be paid and the savings accounts padded before undertaking any kind of massive project. The state is clearly in love with spending money. I am of the mind that we should not spend more than we have to spend. Floating bonds to pay for projects is simply a message to the states citizens that hey, this is a neat project we need it but we can't afford it. Our state debt now has grown by 150% over the last four years. I don't think that the people of California realize what a laughing stock we are. The rest of the country see's us a joke and rightfully so. Our governor actually asked Wall St. for a bail out. That takes a lot of nerve considering this rail line proposal. Saddle the tax payers with 33 Billion is debt and then ask for money from the Fed. Unbelievable! The state must cut funding to state workers across the board. Teachers, civil servants, boondoggle projects etc. Balance the budget, pay down the debt, raise the states capital funding and then and only then start the project but not with higher taxes and not with bond issuances. Enough is enough. We as citizens are being ripped off left and right, pun intended and I for one am sick of having my very hard earned money squandered by politicians.
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