California’s High-Speed Train to Bankruptcy

Written by Gary North on July 9, 2012

California’s Democrats defeated Republicans on a straight party vote. They voted to begin phase one of a $68 billion high-speed train. This assumes that estimated costs do not rise. (Unlikely.) It also assumes that the state will not declare bankruptcy before the project is completed. (Also unlikely.) Governor Jerry “”Medfly” Brown pushed hard for this […]

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