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Jon Coupal: The lamest excuse for perpetuating the high-speed rail project

Opposition to California's High Speed Rail project continues growing amid revelations of rising costs and questionable planning since its 2008 bond approval.
The Trump administration's Department of Government Efficiency labeled the project unworthy of further federal funding after private investors failed to provide promised financing.
Critics, including Jon Coupal of the Howard Jarvis Taxpayers Association, argue the project suffers from the sunk cost fallacy, continuing despite flawed ridership projections and inflated cost assumptions.
In January 2018, an affidavit stated, "This is not what the voters approved," and President Trump called the cost overrun "the worst he has ever seen," while Governor Newsom's spokesperson warned abandoning now would waste billions.
The project, originally a $10 billion Los Angeles-San Francisco rail plan, has swollen to an estimated $98 billion with 50 major structures built, raising questions about its future and fiscal rationality.

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Jon Coupal: The lamest excuse for perpetuating the high-speed rail project

Opposition to California’s High Speed Rail project keeps mounting. What began as a $10 billion bond measure to fund a rail project that would travel from Los Angeles to San Francisco has morphed into America’s most embarrassing boondoggle costing hundreds of billions of dollars. Throughout its tortured history, the project’s detractors have been proven right over and over again. It started with a Due Diligence Report from the Reason Foundation a…

17 hours ago

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