Doc7505
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- Feb 16, 2016
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CA High-Speed Rail Cost Explodes to $231 Billion, From Original $33 Billion
‘Our country has never seen a fiscal disaster of this magnitude’
California’s High-Speed Rail boondoggle is now estimated to cost taxpayers $231 billion, up from its original $33.5 billion price tag in 2008 when voters passed Proposition 1A.
“Our country has never seen a fiscal disaster of this magnitude,” California Rep. Kevin Kiley said on X Monday.
Voters were deceived by the original ballot summary and language in Proposition 1A from 2008, but the state’s lawmakers seem to find that fact inconvenient.
And, the entire project is lacking in private, public and debt funding to complete even the most minor operating segment – nearly 20 years later.
“If it is built, California’s High-Speed Rail would be the largest public works project in state history. That fact alone appears to be intoxicating to state officials, in a perpetual quest to have California be the first state to do anything,” I reported in 2011. That’s how long California’s High Speed Rail has served only as a jobs program and a really bad joke on California voters and taxpayers.
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n 2019, thousands of pages of public records were removed from the California High Speed Rail Authority website. Members of the media and anyone seeking information about rail authority spending are only able to access previously posted documents like detailed information on every project change order, board meeting materials and historical business plans, through a time consuming and unreliable California Public Records Act request according to the Rail Authority website.
The California State Auditor uncovered rail employees, contractors and consultants with wild conflicts of interest. Then-auditor Elaine Howle allowed the title of the audit to speak for itself: “California High‑Speed Rail Authority: Its Flawed Decision Making and Poor Contract Management Have Contributed to Billions in Cost Overruns and Delays in the System’s Construction.”
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Commentary:
“A Billion here, and a Billion there, pretty soon you’ll be talking about real money!”
like the growth of parasites, and bacteria, the growth of government theft is exponential, until it kills the host.
Whether it's Jerry Brown or any other Democrat California Governor including Gavin Newsom, the fix was into fraudulently use of the Hi-Speed rail project as a cash cow for the Democrat party.
California's high-speed rail project has faced criticism for mismanagement and cost overruns, with estimates now exceeding $231 billion, which make it the most wasteful project in history, surpassing the 'Boston Big Dig' in terms of controversy and financial issues.
Comparatively, the Boston Big Dig also faced significant financial issues, but the California project is often cited as one of the most egregious examples of infrastructure mismanagement and fraud in U.S. history.
Read more:
California’s High-Speed Rail Project Is A Disgraceful Boondoggle
California taxpayers will continue to be railroaded by the state's ill-conceived bullet train boondoggle.
www.forbes.com
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