Source: Independent Institute
by K Lloyd Billingsley
“Gavin Newsom likes to boast that California has the world’s fourth-largest economy. So why can’t it build high-speed rail, while Morocco—which ranks 57th—has had it for years? … The total cost of California’s vaunted ‘bullet train’ has surged from the original $33 billion in 2008, when voters approved Proposition 1A, to a staggering $231 billion, all before any track was laid.” (06/29/26)