Posted by KeithW, a resident of the Atherton: West of Alameda neighborhood, on Aug 10, 2011 at 1:34 pm
What a wonderful Euphemism "the agency has always assumed the cost estimates of a major infrastructure project such as high-speed rail would be dynamic." What that translates to in plain english is "We lied about the costs, sytematically underestimating them, while we lied about the ridership, sytematically over-estimating it. But we are confident we can keep the taxpayers on the hook, no matter how expensive the project becomes."
This has been the attitude of backers since day one. Are we going to continue cutting funds to schools to feed this sacred cow? Let's find a way to cut off its head NOW, before we pour more money down the drain.
Posted by Mike, a resident of another community, on Aug 10, 2011 at 1:46 pm
.....and this is news? Right now, I should say "I told you so", but, well........OK, I told you so! How anybody could have believed the nonsense spewed by the backers of this project is beyond my comprehension. Voters, you need to read beyond the headlines of the crazy initiatives. Any clear thinking person who read the context of the proposals had to recognize the scam. This is not the end of the revised estimates of the cost of the project. Once it gets beyond the point of no return, the estimates will skyrocket. STOP this project! Cut the losses NOW, rather than continue them indefinitely.
Posted by Morris Brown, a resident of the Menlo Park: Park Forest neighborhood, on Aug 10, 2011 at 4:41 pm
I have read comments like "the debate has died down because HSR will never happen is without substance."; therefore just forget about it.
Debate has not died down; just read the papers or the blogs. It is more active than ever.
The Authority has over $6 billion to spend in the Central Valley. Over $3 billion of these funds came from the Federal Government. The State legislature will fight to the end to not lose these funds, regards of how useless what they presently plan to build will be the result.
This is a high priority of the Democratic party caucus in Sacramento.
So it should be stopped and should have been stopped long ago. Right now they are spending over $700,000 each day doing studies etc. The waste is un-believable as the Authority is rushing to meet a Sept 2012 deadline to start construction, or else they will lose the Federal dollars.
The State LAO office issued a devastating report some months ago, which wanted at least to halt the present spending. Yet the legislature ignored their recommendations and has continued to fund the project.
Today the State controller came out and stated that revenues were already over $500 million short of their rosy predictions. As this trend continues, shortly triggers in the just passed State budget will start to cut away at valuable programs the State needs much more than this train.
It is more than time to get legislators like Simitian off of his stump speech of "I'm in favor of HSR being done right" and get him to vote no more funds because this project can't possible be done right.
Posted by resident, a resident of another community, on Aug 11, 2011 at 4:41 pm
Senate Majority Leader Harry Reid said Wednesday that it would be "short-sighted" to abandon high speed rail ambitions in California, even as Democratic lawmakers here show signs of concern over the multi-billion dollar project.
This is the Senate Majority Leader. Boy, no wonder we have a mess in Washington. How can these lawmakers be so out of touch. Suddenly, Republicans are making more sense than the Democrats. Never thought I'd see the day.......