Vice President Joe Biden’s announcement of a $53 billion infusion for high-speed rail has fallen like a lead balloon on the ears of some key GOP leaders. House Transportation Committee Chair John L. Mica (R-FL) and Railroads Subcommittee Chair Bill Shuster (R-PA) expressed “extreme reservations” about the plan.
“This is like giving Bernie Madoff another chance at handling your investment portfolio,” Mica said in a statement.
“With the first $10.5 billion in Administration rail grants, we found that 1) the Federal Railroad Administration is neither a capable grant agency, nor should it be involved in the selection of projects, 2) what the Administration touted as high-speed rail ended up as embarrassing snail-speed trains to nowhere, and 3) Amtrak hijacked 76 of the 78 projects, most of them costly and some already rejected by state agencies,” Mica added. “Amtrak’s Soviet-style train system is not the way to provide modern and efficient passenger rail service.”
They say the committee plans to investigate how previous funding decisions were made, charging that rail routes were selected “behind closed doors” as a “political grab bag for the President,” despite “the Administration’s pledges of transparency.”
“The definition of insanity is doing the same thing over and over again expecting a different result and that is exactly what Vice President Biden offered today,” Shuster said. “Rail projects that are not economically sound will not ‘win the future.’ It just prolongs the inevitable by subsidizing a failed Amtrak monopoly that has never made a profit or even broken even. Government won’t develop American high-speed rail. Private investment and a competitive market will.”
Like we said – don’t count those 53 billion chickens before they’re passed by Congress.