Category Archives: Social Commentary

The Lunacy Of Federal High-Speed Rail

A take-down by Robert Samuelson.

[Update while later]

Florida Governor Rick Scott has turned down funding for it.

* My decision to reject the project comes down to three main economic realities:

o First – capital cost overruns from the project could put Florida taxpayers on the hook for an additional $3 billion.

o Second – ridership and revenue projections are historically overly-optimistic and would likely result in ongoing subsidies that state taxpayers would have to incur. (from $300 million – $575 million over 10 years) – Note: The state subsidizes Tri-Rail $34.6 million a year while passenger revenues covers only $10.4 million of the $64 million annual operating budget.

o Finally – if the project becomes too costly for taxpayers and is shut down, the state would have to return the $2.4 billion in federal funds to D.C.

That last “if” should be a “when.” Good for him. Too bad we don’t have as much sense in Sacramento.

[Update a couple minutes later]

This seems to have been influenced by my friend (and fellow member of the Competitive Space Task Force) Bob Poole of the Reason Foundation:

the Reason Foundation issued its report nearly two weeks ago. Using estimates for a proposed rail line in California, it projects the Tampa-to-Orlando link could cost $3 billion more than estimated.

Research by the Reason Foundation and the study’s main author, Wendell Cox, regularly offers a skeptical view of rail, so the findings are not particularly surprising. What’s notable is the work was overseen by Robert Poole, a foundation director who served on Scott’s transition team for transportation issues.

“It’s understandable that some are dreaming of flashy high-speed rail trains carrying tourists and residents between the two cities,” Poole said in a news release. “When you look at realistic construction costs and operating expenses you see these trains are likely to turn into a very expensive nightmare for taxpayers.”

Hey, Jerry, I’m sure Bob’s available for a similar analysis for CA. In case you haven’t noticed, you have budget problems, too.

Be Careful

Don’t hurt the burglars. I liked this comment:

Don’t leave bottles of brown-coloured bottles of pesticides in your shed – burglars might think you have left them some beer. Don’t leave a supply of bird nuts – burglars might get food poisoning – thinking you were leaving them some munchies to go with the previous item. Don’t put pitch forks in your sheds – burglars might stab themselves on them as they clamber through the window. Don’t put glass in the window frame – burglars might get a scratch followed by blood poisoning. Make sure there is adequate lighting – in case burglars accidentally step on a rake and whack themselves in the gob. Please provide an adequate seating arrangement – so that weary burglars can take a rest, before taking the rest of your stuff. A bucket is NO substitute for slopping out, sorry I mean going to the ‘boudoir’. Burglars expect a proper netty! Adequate toilet paper should be on supply AT ALL TIMES!

Somehow, Great Britain doesn’t seem so great any more.