Friday, August 10, 2012

California's Derailment

Democracy, said H.L. Mencken, is the theory that people know what they want and deserve to get it good and hard. In 2008, Californians passed an initiative authorizing $9.95 billion in bonds to build what they were told would be a $33 billion high-speed rail system. California, constantly lurching from one budget crisis to a worse one, could not nearly afford even that, and soon the price was re-estimated at about $100 billion. Not to worry, said Gov. Jerry Brown — the real price will be only $68.5 billion. Why? Partly because it will be less than bullet-like, not requiring extra-expensive roadbed.

Read the rest of George Will here.

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