Vol. 25, No. 13
Count me among the skeptics…Former Transportation Secretary Ray LaHood liked to justify a national HSR program by drawing a parallel with the commitment to build the Interstate Highway system. But the analogy is misleading. What made the Interstate highway program politically feasible and financially sound was the concept of a user fee collected from millions of highway users and dedicated exclusively to the program. A national rail program could not hope to have this kind of revenue stream. Instead, it would need to depend on massive federal subsidies for years to come.
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