California High-Speed Rail Celebrates Completing Bridge to Nowhere

Source: Independent Institute
by Craig Eyermann

“If critics wanted proof California’s bullet train is a zombie project, they got it straight from California’s High-Speed Rail’s publicity department last week. A zombie project occurs when government officials refuse to acknowledge that their ambitions have failed. Instead of killing the project because it has become a monstrous waste, they pump more and more money into it. They do that even though they know that throwing good money after bad is a sure recipe for fiscal disaster. They do it because they aren’t willing to admit their failures and because they personally benefit from the wasteful spending. In the case of California’s zombie bullet train project, the state government’s central planners have been fighting reality itself. That makes California High-Speed Rail’s latest publicity effort to celebrate their ‘success’ stand out.” (05/10/24)

https://blog.independent.org/2024/05/10/california-high-speed-rail-celebrates-completing-bridge-to-nowhere/