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To meet Federal time lines and to gain some 3 billion in partial matching funds, California today pushed through the high speed rail bill which is now headed to the governors desk!

While trying to deal with a 15 billion deficit and passing a budget that depends on the public raising taxes in November... (which I hope isn't going to happen) not to mention putting other important projects on hold.

California has now elected to start selling some 8 billion in bonds to start construction of the high-speed rail project in the central valley...

I'm afraid California legislators has just dealt the killing blow that will finish California off!

Phil




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I just saw that. They expect the total cost to be 68 billion. WOW

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You'll be able to go from LA to SF really really fast.....like when you're on a plane.!

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The train from nowhere will not help California's economy or anyone elses.

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Saw that too on Drudge. Like playing Russian roulette with 6 in the cylinder. Serves 'em right but unfortunately CA believes they will get bailed out by the rest of the country. If O wins, they will.


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But it can be built by cheap illegal immigrant labor since CA will now be a sanctuary state. I'm sure the unions will agree to that.


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Has a great chance of succeeding just like Amtrak.

what a frigging boondoggle for the unions and corrupt politicians.


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That's what I always do with my personal finances...When funds are low I double down and spend more!!! When will they and DC ever learn?

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Bad part is this will put a decade old plan to upgrade California's water system on hold until sometime after 2014, and I do beleive the central valley could use the water more than a 200mph train.

Phil

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Originally Posted by Greyghost
Bad part is this will put a decade old plan to upgrade California's water system on hold until sometime after 2014, and I do beleive the central valley could use the water more than a 200mph train.

Phil


We have some water, but a train is cooler!

grin

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The federal government is requiring the first segment be completed before September 31st, 2017...

Neeeeever going to happen!

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Cali may be smarter than we think.

Seeing as they are going to be a sanctuary state they might extend the rail to the border and charge fees to transport illegals and import medicinal marijuana for the cartels.

On the return trip they could deliver the arms sold by the ATF.






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Remember what we did with Gray Davis ?

Brown is a bozo, bought and paid for by the unions.

Time for a recall.


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Seems they have forgotten about the BART cost over runs. Those that do not remember history, tend to repeat the bad parts. smile


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Originally Posted by Deerwhacker444
You'll be able to go from LA to SF really really fast.....like when you're on a plane.!
It will generate trillions in economic Pelosi returns.


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I've been beating my head against the wall since I first saw this project proposed.
What the f*** are these idiots thinking?

I'm flat broke and I think I'll buy a Bentley.


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The smart money says they'll never build it for less than 50 billion.

LOL and who's dumb enough to buy a bond from the People Unified Socialist Republic of Kalifornication.

Last edited by 17ACKLEYBEE; 07/06/12.

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Reminds me of the proposed new football stadium to be built in downtown Los Angeles next to the Staples Center taking up part of the property that the Convention Center now sits on...

To fill the stadium to capacity will require a full 1/3rd of the patrons to take public transit to get there... they don't have enough parking... can see that happening, not! grin

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I wonder what will happen to a train going 200mph when it comes in contact with a 6.0+ earthquake?? I'm guessing it might catch some serious air...... shocked


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Drum roll please...... "I don't know, to be clear." and THAT is one promise he's kept!!!
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Originally Posted by 17ACKLEYBEE
The smart money says they'll never build it for less than 50 billion.

LOL and who's dumb enough to buy a bond from the People Unified Socialist Republic of Kalifornication.

all the people that own those muni bond funds is who


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