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Hey California: Don’t Be Asking the Rest of the United States to Bail You Out after Moving Forward on a Billion Dollar Rail Project

Hey California: Don’t Be Asking the Rest of the United States to Bail You Out after Moving Forward on a Billion Dollar Rail Project
See what a high speed rail station looks like following the big earthquake in Japan. Remember, many deaths occurred on the rails across the earthquake region that fateful day. Nearly the disaster Jerry Brown and the Dems in the California State House have created!

So, California is broke. Public sector unions and massive regulations have totally destroyed the budget. The state has a massive pension crisis.  Moody’s has tripled its pension debt estimates (of which California is the biggest offender and carryer of such debt) just today.  Citation below in the “extras” at bottom of post. 

As the state moves forward on high speed rail, remember this day. Remember this week when the State of California moved forward with this massive spending project while going broke. 

“Progressive Railroading” reports today that “California Legislature’s high-speed-rail funding approval will help advance Caltrain’s modernization.” Wow, progressive spending is going to lead to a real cool train that others can pay for.  So, super high speed rail is going in earthquake country? Really smart.

  

EXTRAS:

MOODY’S ESTIMATE TRIPLES PENSION DEBT: $2 TRILLION

California Legislature’s high-speed-rail funding approval will help advance Caltrain’s modernization

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