Saturday, April 3, 2010

The Case Against Subsidized High-Speed Rail

Openmarket.org
April 02, 2010
by Marc Scribner

President Obama’s stimulus package set aside $8 billion in subsidies for high-speed rail projects in the United States (known as the High-Speed Intercity Passenger Rail (HSIPR) Program). Vice President Biden, the administration’s most vocal passenger rail supporter, apparently believes countries should be judged based on the amount of money their governments spend on infrastructure boondoggles.

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