'Evening News' Segment Lobbies for European-Style High-Speed Rail
On Memorial Day, when many Americans are returning from vacation destinations on the highways, CBS found a possible way for government to solve the gridlock on roads and in airports.
A May 25 âCBS Evening Newsâ segment determined that high-speed bullet trains like those overseas could solve all our transportation problems.
âItâs long been believed the highways and airways would be less crowded if there was a faster, more efficient passenger train system in this country, like those high-speed bullet trains in Europe and
According to CBS correspondent Jeff Greenfield, our
âWhy? Why does the
âObamaâs stimulus plan includes an initial $13 billion for high-speed rail projects along the northeast corridor, in the Midwest,
That may be true, but air travel currently is much cheaper than Amtrak in most instances, and itâs still much faster than the estimates
But Obama administration Transportation Secretary Ray LaHood said high-speed rail expenditures are a way of relieving congested roads and airports, despite the price tag that would run âinto the hundreds of billions of dollarsâ according to Greenfield.
âYouâre trying to sell a system that is ultra expensive as though it were something that were designed for the masses to be affordable and itâs not,â former GOP Oklahoma congressman and Distinguished Fellow at The Heritage Foundation Ernest Istook said to CBS.
And as reported by Reuters, Senate Republicans claim Amtrak has received over $21 billion in federal tax dollars to cover operating and capital costs since 1971. However, Amtrak loses more than $700 million annually. With exponentially more taxpayer dollars at stake, thereâs no indication that Amtrak could do a better job overseeing a high-speed rail system.