Bishop to Boycott Obama Commencement Speech

    South Bend is heating up over the controversy surrounding Obama and the local bishop...Read the post

    2009 College Grads: We're the Lucky Ones

    Why there is hope for the graduating Class of 2009, and how they can find work in a recession...Read the post

    Beer in Vending Machines -- What Drinking Age?

    U.S. policies on drinking age seem restrictive when examining the rest of the world...Read the post

    How The Press Can Remain Relevant

    Is it any surprise that Obama has employed a strategy to cordon journalists that is similar to previous administrations?...Read the post

    Be Afraid, Cheney Warns. Be Very Afraid.

    Just when you thought the Bush-era warnings of Armageddon around the corner were over, Cheney strikes again...Read the post

    Obama: You Wouldn't Like Me When I'm Angry...

    Obama threw down his stick, spat on the floor and growled in the face of cameras -- metaphorically... Read the post

    Obama to GOP: 'I Won, I'm The President'

    "You can't just listen to Rush Limbaugh and get things done," Obama told GOP leaders...Read the post

    Palin Seeks $11M Book Deal, but Can She Read?

    One can only imagine what Republican rising star Sarah Palin could possibly write about in her memoirs...Read the post

Rss Feed

national newspolitics

Obama Announces $13 Billion Train Project

Adam Kirchner

Posted: Apr 17th 2009 12:11AM

Filed under: Politics, National News, The Economy, Towson University

President Barack Obama, Vice President Joe Biden and Secretary of Transportation Ray LaHood announced a $13 billion high-speed American rail transit development project on Thursday.

The transportation project will be funded by an initial down payment of $8 billion American Recovery and Reinvestment Act funds and an additional $1 billion per year for five years, beginning with the 2010 budget.

Ten regional rail systems have been identified for the project: the California Corridor, the Pacific Northwest Corridor, the South Central Corridor, the Gulf Coast Corridor, the Chicago Hub Network, the Florida Corridor, the Southeast Corridor, the Keystone Corridor, the Empire Corridor and the Northern New England Corridor.

Amtrak, the passenger rail system founded in 1971, operates with revenue below expenses and receives an annually increasing federal subsidy reaching $6.3 million for fiscal year 2013, as mandated in the Rail Safety Improvement Act of 2008.

Additionally, Amtrak received $1.3 billion of the 2009 ARRA funds.

The difference between the existing rail transit system that operates at a $6.3 million annual deficit and the proposed rail transit system which will presumably operate at a staggering deficit, as well, is that the new rail transit system will have 150-mile-per-hour trains. Why have one underutilized, operationally inadequate transit system when American travelers can have two that are rarely used?

Of course, the new $13 billion high-speed train system is meant to serve as a disincentive for American travelers to drive the 100,000 automobiles that the Obama Administration encouraged them to buy three weeks ago.

Spend lots of money on more cars, while already spending lots of money to subsidize one underutilized rail transit system, then spend lots of money to build another rail transit system, then stop driving the cars that cost lots of money and ride the new underutilized rail transit system that cost lots of money to build and costs lots of money to operate, instead, while there already was an underutilized transit system?

Recent Comments »

Page 1/4

Post Your Comments Below

| 1 | 2 | 3 | 4 | Most Recent | Next 20 Comments

| 1 | 2 | 3 | 4 | Most Recent | Next 20 Comments

Join The Discussion

New Users

Current Users

Featured Galleries »

  • Living the Vice Presidential Life
  • Watching the First Debate At UPenn
  • Obama's Number Two
  • Historical Olympic Highlights
  • Pictures from Another World
View All »
Comming Soon
Also on AOL

Get the latest national news, cultural trends, political analysis and more.

AOL news