California was once one of the best places on the planet. Now, it’s a failed people state, throwing its people’s money away on things like the bullet train. From Edward Ring at amgreatness.com:
California’s failing rail project is a metaphor for a state that has turned its back on the ordinary, hardworking people who live there.
It sounded too good to be true, and it was. Travel from downtown San Francisco to downtown Los Angeles in two hours via high-speed rail. California voters in 2008 approved Proposition 1A, authorizing $9.95 billion in general obligation bonds to build this so-called “bullet train.” They were told not only that the total cost would only be $33 billion but also that the entire 500-mile system would be running by 2030.
Fat chance.
In March of this year, the California High-Speed Rail Authority released its latest progress report. The project is now projected to cost $127 billion, and there is no longer a projected completion date. The initial stretch of track, a 171-mile segment across the sparsely populated, pancake-flat San Joaquin Valley, is projected to be done by 2030 at a cost of $35 billion.
These are staggering numbers, a testament to a staggering waste of financial and material resources. For this first segment of track, Californians are going to pay $206 million per mile, and that’s if there aren’t any more overruns. The financing alone—based on preposterously optimistic ridership projections for this segment of 6.6 million riders per year, and a 30-year-term at 5 percent annual interest—would work out to a cost of $348 per ticket. Not exactly an easily affordable means of travel.
STRAIGHT LINE LOGIC 
Pingback: The Bullet Train Epitomizes Golden State Corruption, by Edward Ring — STRAIGHT LINE LOGIC – The Sabotaged Citizen