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DM&E Denied $2.5 Billion Taxpayer Backed Loan
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[quote user="rrnut282"] <p>Seriously, if the government can't pony up $2.3B (or whatever the amount needed for sound operations is today) for Amtrak which has a proven record and benefits many, why are we not surprised that it won't give, I mean, loan money to a small granger-type railroad with dreams of greatness that will only benefit a few power plants?</p><p>[/quote]</p><p>Except Amtrak squanders nearly a billion per year for it's.......thing. I'll bet the total amount wasted on Amtrak over the years comes to 20 or 30 billion by now. The DM&E aid was just a loan, not a grant (which it should have been, and still should be, except this time make it a grant for a railroad across the entire Northern Tier to a PNW port, you know, just like BNSF's predecessors!)</p><p>Now, how succesful would Amtrak be if all it's federal aid was in the form of a loan?<span class="smiley">[:-,]</span></p>
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