Jan
27
2013
16

Anticipating the upcoming Great California High-Speed Rail Disaster of 2013+.

“+” because this is going to crash and burn for years.

Let me summarize this LA Times article discussing the looming …singularity… of fiscal destruction.

  • California wants a high-speed rail system which will apparently solve all of their problems (“Then why don’t they have one, already?”  “Because shut up, that’s why”).
  • This is scheduled to cost 68 Billion dollars.  $68,000,000,000.
  • It will cost more.
  • Meanwhile, the state is deep in debt – and it’s an open question whether Jerry Brown and his Merry Band of Democrats have actually managed to stabilize revenues.
  • For example, I am waiting (with more than a little morbid curiosity) to see what California’s actual 1Q 2012 tax revenues are like.  I suspect that they’re going to be… memorable.
  • But let’s get back to the high-speed rail.  It’s not built yet.
  • That’s fine; construction isn’t supposed to start for another six months…
  • Oh, wait, not all of the land for the railway has been purchased, yet.
  • Oh, wait, none of the land for the railway has been purchased, yet.
  • Which is why the start of construction has already been delayed.

(more…)

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