11/15/2011

California stands to lose $2.3 billion in stimulus funds if construction of a high-speed rail line doesn't begin by next October. In 2008, officials said an 800-mile line could be built by 2020 for $35.7 billion. Now, they say it will cost $98.5 billion and won't be ready until 2013. "This is unreal," writes the Washington Post Editorial Board. "As questionable as this project is, we would have less business objecting if the only money at risk was California’s. But the Obama and Brown administrations are talking about devoting the nation’s funds to what looks more and more like a boondoggle."

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