Oink, Oink: Calif. ‘Bullet Train to Bankruptcy’

WASHINGTON — Citizens Against Government Waste and the Howard Jarvis Taxpayers Foundation have listed a proposed high-speed rail line in California in their sixth annual California Piglet Book.

The book is touted as “the definitive guide for reducing waste, fraud, abuse, and mismanagement in the state government.”

California voters in November will have the chance to vote on Proposition 1A, a “bullet train to bankruptcy,” CAGW said. If voters approve the project’s initial $9.95 billion down payment, promoters will likely need to come back to taxpayers for another $70 billion to complete the project, CAGW said.

— Railfanning.org News Wire