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$53 billion government 'investment' in high-speed rail

High Speed Tax Payer Money Pit

By Institute for Energy Research ——--February 8, 2011

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Today, President Obama called for a $53 billion government 'investment' in high-speed rail over the next six years.
This new government spending is being sold to the American taxpayer as a means for saving energy and reducing traffic congestion. It will do neither; in fact, high-speed rail will likely exacerbate transportation problems. Cato and Heritage have both provided research on the folly of high-speed rail, but Reason produced a short video that explains the extent of the high-speed rail boondoggle. I hope economic realities set in before the tracks.

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Institute for Energy Research——

The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.

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