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So far we have put $8-billion on the table to kick off HSR, and we have committed an additional $5-billion over the next few years.  And beyond that, it is anybody’s guess how far this will get.  I have heard that $500-billion will be needed to build the entire HSR vision.  So 15 down and 485 to left to go.  And besides the question of coming up with the remaining $485-billion, there is no guarantee that even the $15-billion will be used. But if only this $15-billion is spent, I don’t think the freight railroads have anything to worry about in terms of HSR mucking up their freight operations.  And I think they need not worry about going farther because I do not believe we will ever come up with the $485-billion needed to finish HSR.  In fact, I believe that this first $15-billion will teach us a valuable text book lesion in the economics of mass spending by showing us how little HSR actually gets built for the money.  I call it, “feeding the seagulls.”
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