If President Obama’s State of the Union Address could be said to have a message – a common thread, as it were – that message might have been, “There is a whole pile of wonderful legislation with bipartisan support just waiting to be passed.
Amtrak: Throw Money from the Train
Since 1971, the federal government has been subsidizing the for-profit passenger rail system Amtrak. The company received $1.4 billion in 2012, and the House of Representatives increased its appropriation to $1.8 billion for fiscal year (FY) 2013. With a trillion dollar deficit and the national debt at a record $16.2 trillion, federal funding for Amtrak […]
Chevy Volts Fail to Electrify Customers
In the movie Field of Dreams, Kevin Costner’s character, Ray Kinsella, is on the brink of bankruptcy and debates whether or not it is completely absurd to build a baseball field in his cornfield and expect people to come watch games played by ghosts of former players. In a famous scene, Kinsella is walking in his backyard when he hears a mysterious voice call out, “if you build it, they will come.”
The American Infrastructure Crisis
During rush hour on August 1st, 2007, the I-35W Mississippi River Bridge collapsed, killing 13 people and injuring 145 more. This disaster triggered widespread talk about America’s crumbling infrastructure, an issue that has been put on the backburner amidst the Great Recession. Annually, the United States spends approximately $200 billion on surface infrastructure, though it is not nearly enough to combat collapsing bridges and congested roads.
Rail Boondoggles Not Limited to High-Speed Projects
It is no secret that many of the Obama Administration’s transportation initiatives have taken taxpayers for a ride. The culprit has been the tens of billions of dollars in funding for high-speed rail projects that the federal government has attempted to force down states’ throats.
Taxpayers Charged Billions to Anoint Green Car Manufacturing Winners
In an effort to alleviate the burden of rising gasoline prices on the economy and reduce vehicle emissions, Congress passed the Energy Independence and Security Act (EISA) in 2007. The legislation ramped up fuel economy standards and encouraged the use of renewable fuels.
California High-Speed Rail: Way Off Track
In November 2008, California voters approved Proposition 1A, a $9.95 billion bond measure to fund part of the state’s share of the proposed high-speed rail line from Anaheim to San Francisco. The bond was approved by a narrow margin of 52.7 percent of the 12.6 million votes. The railway was supposed to be up and running by 2020, and the total cost was estimated by the California High-Speed Rail Authority (CHSRA) at $33 billion. While it was easy to see why some balked at the price estimate, one could also understand its support, at least among potential beneficiaries. After all, taxpayers outside the rail corridor, both in California and across the country, were supposed to pick up $6.8 billion, or one-quarter of the railway’s $27 billion initial segment.
Don’t Get Fooled Again – Auto Bailouts Still Stink
On Tuesday, May 24, 2011, the Democratic National Committee (DNC) unveiled a video that can only be described as the first Obama-for-President advertisement of the 2012 election cycle. The video purports to skewer likely presidential candidates Mitt Romney, Tim Pawlenty, and Newt Gingrich over their opposition to the auto industry bailouts of 2009. Since General Motors (GM) and Chrysler have graciously paid back some of the money that taxpayers were forced to loan to them two years ago, Democrats are seizing this opportunity to try to make critics of the bailouts look bad. In so doing, they ignore the case against bailing out private companies, misleading claims by Chrysler, and the remaining losses that will come from the taxpayers’ investment in GM.
High-Speed Rail off the Tracks
When stumping for Rep. Tim Bishop (D-N.Y.) in October 2010, Vice President Joe Biden made a telling statement regarding the government’s role in investments. He credited the government with “every single great idea that has marked the 21st century, the 20th century and the 19th century,” adding that “in the middle of the Civil War you had a guy named Lincoln paying people $16,000 for every 40 miles of track they laid across the continental United States. … No private enterprise would have done that for another 35 years.”
All Signs Point to a Waste of Tax Dollars
A strange unfunded mandate from the federal government is slated to cost taxpayers millions of dollars over the next few years. A new regulation by the Department of Transportation dictates that all street signs must be in a mix of upper and lower case font, and must meet new higher reflectivity standards. Local governments must pay for the replacements themselves. Each sign typically costs more than $100, so high-density areas face huge costs. For example in New York City, the cost is projected to reach $27.5million. It will cost smaller cities, like Milwaukee, approximately $2 million.