Railroads may have built the West, but now they're broke, propped up by the feds -- subsidized by billions of your tax dollars. It all makes as much sense as re-electing California's Governor Moonbeam, who loves ...

◼ Insolvency at high speed - Washington Times

“Last fall, the California High-Speed Rail Authority, which oversees the boondoggle, said the final cost would more likely be $98.5 billion, and the completion date 2033 instead of the initial estimate of 2028. Only after a public outcry was $30 billion shaved off that higher estimate, bringing it down to $68 billion.”

Undaunted, Gov. Jerry Brown's administration is plowing ahead, fortified by yet another study, which should reassure California’s beleaguered taxpayers, who will foot most of the bill.

According to The Los Angeles Times, “Despite the prospect of declining revenue and rising costs, researchers predicted that the 500-mile network — with construction paid for by a blend of state and federal money — will be self-sustaining and not require a government subsidy to help pay for operations.” Sure it won’t.