November 1, 2011

Thank you Governor Walker for saving us from this fate....

Faster than a speeding bullet train, the cost of the state's massive high-speed rail project has zoomed to nearly $100 billion -- triple the estimate given to voters and more than enough to run the entire state government for a year.

What's more, bullet trains won't be up and running until at least 2033, much later than the original estimate of 2020, although that depends on the state finding the remaining 90 percent of the funds needed to complete the plan.

The new figures come from a final business plan to be unveiled by the California High-Speed Rail Authority on Tuesday, though some of the details were leaked to the media, including this newspaper, on Monday. Officials at the rail authority did not respond to repeated requests for comment Monday.

Read the rest of this over-priced folly here.

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