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<P mce_keep="true">Looking to the federal government for significant monies to support passenger rail is unlikely to be fruitful. The U.S. pubic debt is $7.2 trillion, whilst the intergovernmental debt is $4.9 trillion, bringing the total federal debt to $12.1 trillion or 86 per cent of GDP. Moreover, according to OMB projections, the public debt will reach approximately 70 per cent of GDP in 2019, bringing total federal government debt to nearly 100 per cent of GDP when combined with the intragovernmental debt. </P> <P mce_keep="true">Many of the states are also in serious hawk. They owe a combined $1.9 trillion. When their debt is added to the federal debt, the total comes to $14 trillion or 99 per cent of GDP. And this is before factoring in unfunded liabilities for Social Security, Medicare, Medicaid, etc. The estimated unfunded liabilities are approximately $40 trillion. </P> <P mce_keep="true">One does not have to be an accountant or budget expert to understand that these levels of debt and unfunded liabilities are unsustainable. Thus, the states, acting independently or in regional coalitions, will have to finance any expansion of passenger rail in their locale. This is the proper way to go, inasmuch as the future for passenger rail is as a regional transport solution. </P>
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