From our fellow Americans out in the Pacific Ocean, a note on the latest objection from the Cato Institute. In the interest of fairness, Cato is strictly libertarian in philosophy. I often find myself in agreement with these fine intellectuals, however, they suffer from a severe distrust of all government and disdain for governmental services.
Understanding that they are usually 100% wrong on Amtrak and transportation, here is the latest. Warning: not for weak stomachs.
Rails Won’t Save America
The Cato Institute has published Randal O’Toole’s carefully documented study, “Rails Won’t Save America,” about rail transit’s costs, emissions, and energy use. Following is the Executive Summary:
“Rising gas prices and concerns about greenhouse gases have stimulated calls to build more rail transit lines in urban areas, increase subsidies to Amtrak, and construct a large-scale intercity high-speed rail system. These megaprojects will cost hundreds of billions of dollars, but they won’t save energy or significantly reduce greenhouse gas emissions.