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$128B High-Speed Rail FIASCO: ZERO Miles Built After 17 Years

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Manage episode 487203575 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

California's high-speed rail project has turned into a $128 billion nightmare, and somehow officials are still acting like everything's going according to plan. What was supposed to be completed in 2020 hasn't even finished a single mile of track—not one mile—after burning through $6.9 billion in taxpayer money.In this video, we break down the federal Railroad Commission report that exposes this train to nowhere for what it really is: a colossal boondoggle with no viable path forward. The project has exploded from $30 billion to $128 billion—a mind-boggling $100 billion overrun—while creating nothing but excuses and bureaucratic finger-pointing. The Biden administration allocated $4 billion more, but even that's on the chopping block as the new Transportation Secretary demands accountability.How does a government project balloon by over 300% with zero miles of completed track? What happens when California inevitably comes begging for more taxpayer money? This is exactly the kind of government waste that drives hardworking taxpayers crazy. Hit subscribe if you're tired of watching your money disappear into these bureaucratic black holes, and let me know in the comments what you think should happen to this project.

  continue reading

2891 episodes

Artwork
iconShare
 
Manage episode 487203575 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

California's high-speed rail project has turned into a $128 billion nightmare, and somehow officials are still acting like everything's going according to plan. What was supposed to be completed in 2020 hasn't even finished a single mile of track—not one mile—after burning through $6.9 billion in taxpayer money.In this video, we break down the federal Railroad Commission report that exposes this train to nowhere for what it really is: a colossal boondoggle with no viable path forward. The project has exploded from $30 billion to $128 billion—a mind-boggling $100 billion overrun—while creating nothing but excuses and bureaucratic finger-pointing. The Biden administration allocated $4 billion more, but even that's on the chopping block as the new Transportation Secretary demands accountability.How does a government project balloon by over 300% with zero miles of completed track? What happens when California inevitably comes begging for more taxpayer money? This is exactly the kind of government waste that drives hardworking taxpayers crazy. Hit subscribe if you're tired of watching your money disappear into these bureaucratic black holes, and let me know in the comments what you think should happen to this project.

  continue reading

2891 episodes

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