Column: Is high-speed rail a wise investment?

08/30/2010 | Forbes

The president included high-speed rail in his $787 billion stimulus package, and taxpayers are being "railroaded," writes Steve Forbes, editor-in-chief of Forbes magazine. He notes that European countries have heavily invested in passenger rail projects, but only 6% of travelers in Europe use the trains. Meanwhile, the U.S. has "the best and most efficient freight railroad system in the world" and investment in high-speed rail could undermine this impressive achievement, writes Forbes.

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