Summary
WASHINGTON -- The Obama administration's enthusiasm for high- speed rail is a dispiriting example of government's inability to learn from past mistakes. Since 1971, the federal government has poured almost $35 billion of subsidies into Amtrak with few public benefits. At most, we've gotten negligible reductions -- invisible and statistically insignificant -- in congestion, oil use or greenhouse gases. What's mainly being provided is subsidized transportation for a small sliver of the population. In a country where 140 million people go to work every day, Amtrak has 78,000 daily passengers. A typical trip is subsidized by about $50.
Given this, you'd think even the dullest politician wouldn't expand rail subsidies, especially considering the almost $11 trillion of projected federal budget deficits between now and 2019. But no, the administration has made high-speed rail a top priority. It's already proposed spending $13 billion ($8 billion in the "stimulus" package and $1 billion annually for five years) as a down payment on high-speed rail in 10 "corridors," including Philadelphia to Pittsburgh and Houston to New Orleans.See the full content of this document
Extract
Successful High-Speed Rail Is a Mirage
The White House promises fabulous benefits. High-speed rail "will loosen the congestion suffocating our highways and skyways," says Vice President Joe Biden. A high-speed rail system would eliminate carbon d...
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