Not so fast there |
But in that same speech, President Obama called for more "investment," including spending on what he is calling high-speed rail. Today we know how much investment he wants on those trains, which AP says will achieve speeds of up to 250 miles per hour--$53 billion. But Randal O'Toole of the Cato Institute discovered that these trains won't even go faster than cars.
Does the White House say where the $53 billion will come from? Of course not.
Technorati tags: economy stimulus hsr transportation high speed rail trains politicsstimulus government boondoggle
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