TFA proudly calls your attention to the Detroit News. Today’s editorial proves that all the bone-headed clock stoppers do not sip mint julips and call the Hogs (an Arkansas football expression). Yep, they’ve got some very intelligent Yankees up there in Michigan. They do a great job runnin’ them there car companies.
You are going to love it so surf over on this link and check out the brilliant commentary.
No matter where the high-speed rail is eventually located, the concern is that taxpayers will never see the end of their transit investment. Mass transit systems never pay for themselves.
Tim Hoeffner, an administrator with the Michigan Department of Transportation, argues that the economic development resulting from the rail line will far outweigh the costs to taxpayers. Transit experts project a $4 to $8 return in the value of development for each dollar invested in transit.
The idea of such a return and the short-term jobs generated by such a rail system are tempting.
But Michigan ought to be wary of such claims. Amtrak, the national passenger rail service, has operated on subsidies since its inception. It was ordered by a congressional study group in 1997 to create a plan for weaning itself from the federal treasury by 2002. Its current chief executive told Congress in January that a decline in projected ridership argued for continuing subsidies,
Obviously written by a former auto exec. Very firm grip on reality there.
How many billion has GM already blown through? And which highways do not require regular resurfacing, new signs, and new lights?
I leave the further commentary to our readers and we are all hoping for a quick recover in Michigan.