Even as the President and Congress have again failed to deal with the genuine fiscal threats facing the nation, the Department of Transportation (DOT) is considering gambling $5.5 billion in taxpayer funds on a high-speed train to Las Vegas. The loan could be approved under the Federal Railroad Administration’s Railroad …
Last week, Florida Governor Rick Scott (R) rejected $2.4 billion in federal funding for a proposed high-speed rail line from Tampa to Orlando. The governor’s decision was based upon the likelihood of an up to $3 billion cost overrun, the likelihood of operating subsidies, and the requirement that the federal …
