Source: Ludwig von Mises Institute
by William L Anderson
“It has been The Project That Will Not Die. What began as a California statewide voter referendum in 2008 to approve initial funding for a high-speed rail system between San Francisco and Los Angeles has become a financial black hole with no railroad to show for it. Despite statements from Gov. Gavin Newsom that the system is fine, the Trump administration has announced it was pulling $4 billion from the project. … California Gov. Gavin Newsom ordered the state to sue for the money, claiming that the Trump administration was breaking a legal contract. No doubt, a friendly federal judge will order the money reinstated, but one doubts that after appeals, the California High Speed Rail Authority will win.” (07/31/25)
https://mises.org/mises-wire/mother-o-mercy-end-cal-bullet-train