California has a huge state debt and Washington has a huge national debt. But that does not discourage either Gov. Jerry Brown or President Barack Obama from wanting to launch a very costly high-speed rail system.
Vice President Joe Biden on Tuesday unveiled the Obama administration’s plan to spend $53 billion in the next six years, which the administration argues will help set the stage for the promise the president made in his State of the Union address to have 80 percent of Americans connected by high-speed rail in the next 25 years.
The total cost of the first phase of Florida’s high-speed rail project could be more than double official estimates, according to a report released Thursday by the Reason Foundation, a California-based libertarian think tank.
With the newly elected Republican governors of Ohio and Wisconsin rejecting federal funds for high-speed rail projects, the Sunshine State looks to gain, as both Democrats and Republicans in the Florida congressional delegation are happy about the additional money.