Author Topic: Cost overruns threaten to bankrupt CA bullet train boondoggle  (Read 1658 times)

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rangerrebew

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January 18, 2018
Cost overruns threaten to bankrupt CA bullet train boondoggle
By Rick Moran

File this story under any number of headings: "Told ya so," "What did you expect?," or "You'd have to be brain-dead to have thought otherwise."

The bureaucrats in charge of building California's high-speed rail announced that the initial 119-mile stage of the project would cost $2.8 billion more than they thought just last year, up to $10.8 billion.  The original estimate of the cost was $6 billion.

"The worst-case scenario has happened," said Roy Hill, who heads the consulting firm in charge of building the project.

L.A. Times:

Read more: http://www.americanthinker.com/blog/2018/01/cost_overruns_threaten_to_bankrupt_ca_bullet_train_boondoggle.html#ixzz54YKrOKpG
 

Offline dfwgator

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Re: Cost overruns threaten to bankrupt CA bullet train boondoggle
« Reply #1 on: January 18, 2018, 04:06:44 pm »
Gee, who didn't see this coming?

Offline skeeter

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Re: Cost overruns threaten to bankrupt CA bullet train boondoggle
« Reply #2 on: January 18, 2018, 04:09:58 pm »
Completing the project on time and on budget was never the objective. Feeding tax dollars to the unions was.

Offline dfwgator

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Re: Cost overruns threaten to bankrupt CA bullet train boondoggle
« Reply #3 on: January 18, 2018, 04:15:39 pm »
Completing the project on time and on budget was never the objective. Feeding tax dollars to the unions was.


Offline skeeter

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Re: Cost overruns threaten to bankrupt CA bullet train boondoggle
« Reply #4 on: January 18, 2018, 04:18:08 pm »


Jerry Brown retires soon, leaving mayhem, destruction and this boondoggle in his wake.

The other day he casually mentioned that state employee pensions might have to be cut.

Offline Restored

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Re: Cost overruns threaten to bankrupt CA bullet train boondoggle
« Reply #5 on: January 18, 2018, 04:19:14 pm »
I'm shocked to find gambling in this casino
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