$2 Billion for Rail Projects
America is $14.28 trillion in debt, and today the Obama administration announced another $2 billion in grants for rail projects. Per the Wall Street Journal:
The money was freed up when Florida’s governor canceled a fast-train project earlier this year.
The Federal Railroad Administration said $795 million will go toward improving service on Amtrak’s Northeast Corridor, increasing top speeds to 160 miles per hour from 135 miles per hour on some segments.
Another $404.1 million is for projects in the Midwest, including improvements to lines connecting Chicago to Detroit and St. Louis. California will get $300 million to continue planning and construction of a high-speed rail line between the Los Angeles and San Francisco areas.
In all, 15 states and Amtrak will receive $2.02 billion for 22 intercity passenger rail projects as part of a nationwide network to connect 80% of Americans to high-speed rail in 25 years, the FRA said.
Florida – and other states – rejected federal rail money because they understood state taxpayers would be saddled with the cost overruns. In a time of tight budgets, governments and taxpayers cannot afford more extravagant, ill-conceived spending.