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Stimulus and high speed rail?
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[quote user="Phoebe Vet"] <P><FONT size=3><FONT face="Times New Roman"><SPAN style="COLOR: #990000">To a federal government that throws money down the rat hole in quantities that you can't even comprehend, $8 billion to upgrade our passenger rail infrastructure is pocket change. If Amtrak was eliminated completely, it would not even make a noticeable blip on a graph of the federal deficit and/or the national debt. The war in Iraq alone, has a bigger number than that in the money that they don't even KNOW where it went. </SPAN></FONT></FONT></P> <P><FONT size=3><FONT face="Times New Roman"><SPAN style="COLOR: #990000">What is a better investment; Amtrak, or 28 new custom made Italian helicopters for the President's use? Amtrak or ONE new aircraft carrier? Amtrak or a missile installation in Poland that is greatly angering Poland's neighbor Russia and so is ratcheting up the cold war that so many presidents worked so hard to defuse? </SPAN></FONT></FONT></P> <P><FONT size=3><FONT face="Times New Roman"><SPAN style="COLOR: #990000">If we drop 9 zeros we can put it into perspective: Debt will be $12,400 (in billions) The Amtrak investment will be $8 (in billions).</SPAN></FONT></FONT><FONT face="Times New Roman" size=3> </FONT>[/quote]</P> <P mce_keep="true"> </P> <P>What the government spends the military, education, social programs, etc. has nothing to do with what it should spend on promoting or operating a commercial activity like passenger rail. The question is whether the spend is a good investment. </P> <P>Investing in a commercial activity (intercity passenger rail) that has a low probability of covering its operating costs, let alone its capital costs, is a poor business decision no matter what spin you put on it.</P> <P>The amount proposed for passenger rail projects is small compared to other federal and state government spends. But one does not put out a fire by throwing just a little more gasoline on it.</P> <P>As far as I know Amtrak is the only commercial activity in the U.S. that is run by the federal government, irrespective of the fiction that it is a quasi private corporation. </P>
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