With a ballooning price tag and doubts about federal funding, it is increasingly obvious that voters were sold a bill of goods by the backers of California’s high-speed train to nowhere...
“More grim news on $99 billion high-speed rail plan, as showdown looms”--San Jose Mercury News
“…the price tag for this risky transit gamble is now nearly $100 billion—more than twice the original estimate,”-- FoxandHoundDaily.com
George Runner, a member of California’s Board of Equalization and a former state Senator, in a post on an influential California political blog on Tuesday--“The new number is greater than California’s entire annual state budget. To fund the entire project today, every Californian, including men, women and children, would need to write a check for more than $2500.”
When backers of high speed rail pitched the idea to California voters in 2008, they told Californians this project would pay for itself and even turn a profit in a few years. Today, three years and $60+ billion in higher cost projections later, it’s pretty clear backers weren’t being straight with California voters.
A similar dynamic exists with another measure, this one on the June 2012 ballot.
The so called California Cancer Research Act would increase taxes by nearly a billion dollars on Californians, to pay for another new government spending program and brand new bureaucracy to oversee it.
The CCRA’s backers – including one career politician who is behind the measure – are making a bunch of promises about the measure’s benefits.
Whether it’s high-speed trains or the latest tax and spend program with big-time benefits promised, Californians should have learned one thing about ballot measures by now: the promises are almost always too good to be true.