Obama Replaces Costly High-Speed Rail Plan With High-Speed Bus Plan
The Onion reports on the new proposed nationwide high-speed bus system.
Obama Replaces Costly High-Speed Rail Plan With High-Speed Bus Plan
Mesa Unaware It Is Broke So It Plans to Borrow & Spend Taxpayers Money to Build an Annual Money Losing Sink Hole aka Extension of the Light Rail
There is an old saying the are always some people don’t get the word. The last ones to get the word are usually politicians. It’s true in Mesa where the power elites who love to spend other people’s money to hasten the city’s bankruptcy want to extend the mega-million dollar money pit called the light rail. Arizona Republic: “Mesa officials are meticulously planning rail stations along the 3.1-mile extension through downtown Mesa that is expected to open in 2016.”
People Who Like to Spend Money Goverment Doesn’t Have on Economic Money Pits Now Wasting Money to Determine if Light Rail Should Expand to South Phoenix
Arizona Republic: “Valley rail planners are asking a million-dollar question: Would south Phoenix residents ride a light-rail line enough to justify building one? Valley Metro, the agency that built and runs the 20-mile starter light-rail line, is weeks away from picking a consultant to provide the answer. Armed with a $400,000 congressional earmark and $100,000 from the city of Phoenix, Metro expects to hire a consultant by March and spend 18 months figuring out if spending many millions of dollars on a rail line in south Phoenix makes sense.”
The twenty mile long Phoenix – Tempe – Mesa light rail cost over $1 billion dollars to build. The story inconveniently fails to mention the cost to build light rail in south Phoenix or the amount of the annual multi-billion dollar subsidy Phoenix would incur if the light rail were extended into south Phoenix. When will people stop spending money our governments do not have?
Half a million dollars to do a study! Earmark money! I’ll save the city money and do the study for only $250,000. Here’s a free summary of my findings – don’t do it because rail is a perpetual black hole money loser for government. Phoenix and the federal government are bankrupt and don’t have the money to build or maintain rail. Rail might make sense if it could make a profit, not when it loses money every time it accepts a passenger. Read “Government-Run Rail System Losing $32 per Passenger, Study Shows.”
“It is a fact that no nationwide passenger rail system anywhere in the world is considered profitable when all costs — including capital — are accounted for,” . . . “Amtrak released a study in April to demonstrate that Europe’s system is heavily subsidized. Germany’s high-speed rail network, the most expensive in Europe, required average annual subsidies of $11.6 billion during the 10-year span that ended in 2006, according to the Amtrak study.”
Phoenix Light-rail Expansion Plans Prove Divisive
Arizona Republic: “A Phoenix man is hoping to derail Metro light rail’s plans to lay track through his neighborhood as part of an 11-mile extension to the city’s west side.” Wow! Who knew Valley Metro was planning to spend more of other people’s money so it could lose even more money and need bigger government subsidies? Not content to suck money from bankrupt Phoenix, Tempe, Mesa and the federal government at the current level, Valley Metro is planning to expand it’s money losing light rail system. The audacity of dopes. Why do these people want to ignore the difficult economic reality facing government at all levels and continue to spend, spend spend?
Phoenix Cuts 60 Jobs to Save $6 Million
Arizona Republic: “An additional 60 positions will be eliminated in Phoenix . . . . City officials expect the reorganization to save the city $3.6 million in the general fund and $2.5 million in enterprise departments such as aviation, water services and the Phoenix Convention Center.”