No Money for High-Speed Rail - New York News

Point of View

No Money for High-Speed Rail

Posted: Updated:
Kevin Hale, VP/General Manager Kevin Hale, VP/General Manager

The high-speed rail is truly a train to nowhere. It goes from Madera to Bakersfield with little chance of getting any further, leaving the Central Valley torn up and $6 billion wasted.

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So how did it all happen?

The rail authority, in effect, was in a hurry to break ground in order to meet a federal deadline so they could get their hands on $3.3 billion of stimulus money. I guess the Central Valley seemed like an easy target. Then it all became a slippery slope, because once they secured the federal money under Proposition 1A—the High-Speed Rail Act—they could then authorize $2.7 billion from California taxpayers.

Okay. So let's do some math. We still need over $60 billion more to finish the project. That's the low-cost estimate. And our research shows, there's no money coming in from the feds or private industry. Without more money, it can't be completed and then it's just a big wasteful project with taxpayers getting nothing but the bill.

So what's this really all about? Well, some are calling it a big make-work project for Governor Brown's union contributors. Clearly, it's become a boondoggle at a time when Governor Brown has the nerve to ask for more money from the taxpayers in the form of Proposition 30, which increases taxes on the wealthy and sales tax on everyone in the state.

So Governor Brown: tell us the truth and admit this is a big make-work scheme, a money grab, and stop this project until you can come up with a better plan.

What do you think? We want to hear from you on this P.O.V. segment. Share your thoughts in the comments section below or email me directly at POV@fox11.com

Kevin Hale,
Vice President and General Manager
KTTV-TV, FOX 11 News

The views expressed are not necessarily those of the station or its employees.

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