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[quote user="MidlandMike"] <blockquote> <div>Remembering the Minneapolis bridge disaster, I can agree they need to spend more on highways.</div> </blockquote> I can't argue that the CA HSR is beyond becoming a financial black hole, but the legislature probably concluded that continuing on the old path, or doing nothing, was an even greater risk.   <div style="clear:both;"></div> [/quote] The minneapolis bridge collaspe had nothing to do with a need to spend more on roads and bridges.  But it was dishonestly exploited for that charge by the people who cannot stop spending public money.  The bridge collapsed due to a design error, which had nothing to do with maintaining the bridge.  The California legislature (like all legislatures) is wired to spend money.  That is how they empower themselves and the institution.  The belief that they can solve every problem by spending money courses through their veins.  Naturally, they will defend their spending by saying that doing nothing is not a good option.  But they exaggerate by suggesting that anybody is advocating they do nothing.   <o:p></o:p> However, the solution to the problem is indeed doing less.  That is exactly what will avert the problem of a spending meltdown.  But the California legislature is not wired for that solution, so their rail project will go forward and will speak for itself in either confirming or refuting my prediction of becoming an economic black hole.  I would say that it might be a large enough project to become the first example of the economic black hole.
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