Posts Tagged ‘bullet train’

Ruling Class Rail Rolls On


Wednesday October 22nd, 2014   •   Posted by K. Lloyd Billingsley at 5:08am PDT   •   0 Comments

Opponents of California’s so-called “bullet train” went to court contending that the funding plan for $68 billion high-speed rail project violated the ballot measure voters approved in 2008. A Sacramento court agreed, but the Third District Court of Appeal overturned the ruling. Now, as the Sacramento Bee recently reported, the California Supreme Court let…
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Laying Track for More Spending


Monday August 11th, 2014   •   Posted by K. Lloyd Billingsley at 7:18am PDT   •   0 Comments

We have been tracking the new eastern span of the San Francisco-Oakland Bay Bridge, which came in 10 years late and $5 billion over budget but still bristled with safety concerns. Those worries were serious enough to prompt state senator Mark DeSaulnier to hold hearings and threaten a criminal investigation. Calls for a criminal investigation…
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Bullet Train Bags Big Bucks


Wednesday June 18th, 2014   •   Posted by K. Lloyd Billingsley at 7:05am PDT   •   1 Comment

As we have noted, California’s vaunted $68 billion “bullet train” is unpopular with taxpayers but a big hit with politicians, always eager for a new place to spend. So no surprise that the train to nowhere has already succeeded in bulking up government. Last year California’s High-Speed Rail Authority nearly tripled its staff to…
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Boondoggles Bloat Government


Wednesday April 2nd, 2014   •   Posted by K. Lloyd Billingsley at 7:30am PDT   •   4 Comments

California’s punitive tax structure virtually guarantees high volatility in state finances, particular during times of boom and bust in the economy. But through thick and thin some things never change. As this report notes, the state’s payroll and the size of the state workforce hold steady, and there’s always more to that story. Consider,…
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Bridge and Chips


Monday March 17th, 2014   •   Posted by K. Lloyd Billingsley at 9:24am PDT   •   1 Comment

As we have noted, the new eastern span of the Bay Bridge cost $6.4 billion, $5 billion more than the original estimate, and came in ten years late. Despite the prodigious waste and delay state politicians and Caltrans bosses hailed the new span as a great victory. But problems quickly arose. Steel rods broke…
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Government High-Speed Spending Always on Track


Monday June 3rd, 2013   •   Posted by K. Lloyd Billingsley at 9:18am PDT   •   2 Comments

“I’m not going to sit here and promise that there will not be cost growth.” That was Dan Richard, chairman of California’s high-speed rail authority, at a May 28 congressional hearing at Madera in California’s central valley. Richard’s non-promise was in vain because as rail subcommittee chairman Jeff Denham noted, enormous cost growth is…
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Negative Net Worth in the Golden State


Wednesday April 3rd, 2013   •   Posted by K. Lloyd Billingsley at 9:58am PDT   •   10 Comments

Columnist Paul Krugman denies that “liberal big spending and overpaid public employees were bringing on collapse” in California, and he parrots governor Jerry Brown’s claim that the Golden State is on the comeback trail. Before joining the celebration, taxpayers might examine a new report from the Bureau of State Audits that pegs California’s net…
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Courting Abuse


Monday February 25th, 2013   •   Posted by K. Lloyd Billingsley at 8:59am PST   •   0 Comments

Lawyers are beginning to complain about California’s cuts to the court system, one of “the hardest hit arms of government during the recession” with revenue “slashed by $1.1 billion over the last five years – an agonizing 30 percent cut since 2007” according to Brian Kabateck, president of Consumer Attorneys of California. As a…
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