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<P mce_keep="true">Whether those Americans who supposedly want a national high speed rail system understand the constraints and costs associated with it is debatable. I would like to see how the Secretary, as well as others, determined that Americans want a high speed rail system. NARP has made the same statement, i.e. Americans want high speed rail. Two years ago I asked them for a copy of the methodology that they used to gather these views. I am still waiting. </P> <P mce_keep="true">The $8 billion authorized for high speed and moderate speed rail is a drop in the bucket. It is not even a meaningful start to the estimated costs required to build out the high speed corridors identified by the DOT. Moreover, most of the cost estimates for these rail projects fail to take into account the long term financial costs. Usually they underestimate the build out costs. Few of these projects come in on time and within budget.</P> <P mce_keep="true">I would love to see high speed rail in the Texas Triangle, as well as some of the other identified corridors, but I have yet to see a realistic proposal to pay for it. My question is simple. How is a nation that is $13 trillion in debt, facing $50 trillion of unfunded liabilities for Social Security, Medicare, Medicaid, Military Retirement, Federal Retirement, etc. going to pay the bill? Most economists and financial experts that I read (both sides of the political spectrum) are very concerned about the country's burgeoning debt.</P> <P mce_keep="true"> </P>
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