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[quote user="oltmannd"] Next stop:  Malfunction Junction <a href="http://www.latimes.com/news/local/la-me-bullet-legal-20120326,0,6325897.story">http://www.latimes.com/news/local/la-me-bullet-legal-20120326,0,6325897.story</a> You just can't make this stuff up. [/quote] If I were a California taxpayer, the morphing of the estimated cost of the project to $98.5 billion before a spade of dirt has been turned would be troublesome.  Come to think of it, as a federal taxpayer, I will be helping to pay for the California HSR project. If I remember correctly, the initial costs estimates were in the neighborhood of $32 billion.  Then they rose to $40 billion followed by $45 billion and so on and so forth. Sounds like they are on a cost escalator. Equally difficult to swallow is the argument that California HSR will be able to operate without subsidies.  That may be true in an operational sense, but I would be greatly surprised if they will be able to cover their fully allocable costs.
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