High-speed rail isn't California's only expensive boondoggle
Fox News
California's high-speed rail lawsuit against Trump exposes deeper fiscal problems, including a $20 billion deficit despite being the world's fourth-largest economy.
Michael Feuz is a key member of ITR Economics’ team of expert economists and consultants. Michael majored in business administration at Franciscan University of Steubenville and earned his master’s degree in economics from George Mason University.
That just scratches the surface of the fiscal mess Californians deal with every day – not just in Sacramento, but at every level of government.
Let’s start with the high-speed rail project. Voters approved it in 2008 to run from San Francisco to Los Angeles at an approximate cost of $40 billion with a completion date of 2033. As of June of this year, the projected cost was as high as $128 billion with no track laid.
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