From
Bloomberg.com - President
Barack Obama’s high-speed passenger rail initiative may go unfunded next year after a panel controlled by fellow Democrats approved legislation that contains no money for the program. The Senate Appropriations subcommittee that sets the Transportation Department’s budget approved the spending plan today. The full committee is scheduled to consider the bill tomorrow. The high-speed rail program is “a casualty of the cuts mandated in the debt-limit deal” Obama and congressional Republican leaders struck in August, Obama sent a budget to Congress in February requesting $8 billion next year and $53 billion through 2018 to provide high- speed rail service to 80 percent of Americans within 25 years. The Republican-controlled House’s transportation appropriations subcommittee, which adopted its spending bill Sept. 8, also didn’t fund the program for fiscal year 2012. The $447 billion
jobs bill Obama submitted to lawmakers this month seeks to devote $4 billion more to the initiative.
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Senate Panel Eliminates Spending for Obama High-Speed Passenger Rail Plan
From Bloomberg.com - President Barack Obama’s high-speed passenger rail initiative may go unfunded next year after a panel controlled by fellow Democrats approved legislation that contains no money for the program. The Senate Appropriations subcommittee that sets the Transportation Department’s budget approved the spending plan today. The full committee is scheduled to consider the bill tomorrow. The high-speed rail program is “a casualty of the cuts mandated in the debt-limit deal” Obama and congressional Republican leaders struck in August, Obama sent a budget to Congress in February requesting $8 billion next year and $53 billion through 2018 to provide high- speed rail service to 80 percent of Americans within 25 years. The Republican-controlled House’s transportation appropriations subcommittee, which adopted its spending bill Sept. 8, also didn’t fund the program for fiscal year 2012. The $447 billion jobs bill Obama submitted to lawmakers this month seeks to devote $4 billion more to the initiative. Read more
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1 comments:
IF high speed rail was viable or even useful, the market would supply it. IF the government needs to subsidize, the concept/practice is not practical. That is, we shouldn't be doing it.
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