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High Speed Rail – The Grand Swindle

Original post made by Morris Brown on Nov 7, 2011



High Speed Rail – The Grand Swindle

We have been Swindled

The passage of Prop 1A in Nov 2008 authorizing almost $10 billion dollars in State bonds to be used for creation of a High Speed Rail Train is now clearly shown to be a grand Swindle.

Not only were the voters swindled into passing the Proposition but the legislature was swindled onto passing and allowing Prop 1A to ever appear on the ballot.

In 2008 the California High Speed Rail Authority (CHSRA) promoted the project saying the cost would be $32 billion. The just released business plan now says the cost will be $98.5 billion.

In 2008, we were told a trip from LA to SFO would be 2 hours and 40 minutes. Under the new plan, the trip will take at least 4 hours and more likely 5 to 6 hours. In 2008 we were told ridership would be 117 million passengers per year; now the number is reduced to at most 35 million

In 2008 we were told we could go from LA to SF by the year 2020; now we are told it won't be until 2032.

And so the list goes on and on. The CHSRA has been a rogue agency, making promises that cannot be kept. The CHSRA promised private investment, yet currently no private equity has appeared.

It is time to stop this project. The legislature has the power to cut funding from the project. This was the action recommended by the LAO and should be immediately implemented.

Morris Brown
Menlo Park



Comments (4)

Posted by Craig Laughton, a resident of College Terrace
on Nov 7, 2011 at 3:01 pm

Morris,

I voted against 1A, because it did not pencil on so many levels. However, the reflexive 'greens' pushed it over the top. The irony is that HSR does not even pass the 'green' test...all that electricity needs to come from coal...if one connects the dots.

The best thing, at this point, is to simply kill off this nonsensical travesty, and to simply absorb our current losses.

Sad episode. Let's move on.


Posted by R, a resident of Old Palo Alto
on Nov 7, 2011 at 3:25 pm

Kill it. Now.


Posted by Roger Overnaut, a resident of Evergreen Park
on Nov 7, 2011 at 5:02 pm

If you think HSR was a fraud, watch what happens if Measure E passes.


Posted by Craig Laughton, a resident of College Terrace
on Nov 8, 2011 at 5:43 pm

"If you think HSR was a fraud, watch what happens if Measure E passes."

Roger,

I completely agree. How much longer do we need to put up with this 'green' delusion in Palo Alto? We are already in significant fiscal debt, if we look at commitments going forward, as a city government. HSR will not only cut our town in half, big time, but it will help to bankrupt our state...which means that the state will demand even more money from PA.

Stick a stake in it, and just get ahead of the losses. It was a horrible decision, but it was done. Just move on.

Yes, Measure E is another horrible idea, but we still have the choice to defeat it. If we do not, then we will only have ourselves to blame.


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