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[quote user="schlimm"] [quote user="Bucyrus"]I would submit that at the rate this county is presently going into debt while the economy is performing so poorly, hardly any public sector project satisfies a cost/benefit analysis, and certainly not HSR. [/quote]  Your answer seems a bit convoluted for me, but your bottom line seems to be paying off the debt is the only sensible thing to do.  Given that much of that debt is held by China, I fail to see how that advances our economic productivity.  A transfer payment simply does not have the same positive economic benefit as an infrastructure investment.  I do agree with you that the costs and benefits of various rail improvements (passenger and electrification) need to be examined in as accurate a way as is possible. [/quote] Reducing debt advances our economy because debt places a drag on the economy that increases as the debt increases.  While there might be economic benefit from the product of an infrastructure investment per se, that benefit might easily be more than offset by an economic detriment from adding its cost to an already high debt load.  It would be Utopia if all we had to do to achieve prosperity were borrow money and spend it on things we need to make life more convenient.
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