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The special interest promoters, the people who paid for the ballot measure, lied about the cost of the High Speed Rail--when completed; including interest charges, but NOT operating subsidies, the cost is close to $200 billion.
They lied about the ridership, to pay for this--they doubled the expected ridership to make it look good. "The accuracy of the ridership projections provided by a Rail Authority subcontractor was called into question last week by researchers at the University of California, Berkeley, who said the figures were so unreliable that it is impossible to predict whether high speed rail would succeed financially or fail."
They lied about the environmental impact, big time.
"If the ridership projections are wrong, it could scare off investors or leave taxpayers holding the bag for an underused rail system after those who currently are planning it are long gone." This is another reason California will be in a Depression for at least a generation. And, we voted to do this to ourselves--no one else to blame--we were gullible and accepted the lies.
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They lied about the ridership, to pay for this--they doubled the expected ridership to make it look good. "The accuracy of the ridership projections provided by a Rail Authority subcontractor was called into question last week by researchers at the University of California, Berkeley, who said the figures were so unreliable that it is impossible to predict whether high speed rail would succeed financially or fail."
They lied about the environmental impact, big time.
"If the ridership projections are wrong, it could scare off investors or leave taxpayers holding the bag for an underused rail system after those who currently are planning it are long gone." This is another reason California will be in a Depression for at least a generation. And, we voted to do this to ourselves--no one else to blame--we were gullible and accepted the lies.
More...