'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 â€śCBS Evening Newsâ€ť segment determined that high-speed bullet trains like those overseas could solve all our transportation problems.
â€śItâ€™s 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
â€śWhy? Why does the
â€śObamaâ€™s 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 itâ€™s 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 â€śinto the hundreds of billions of dollarsâ€ť according to Greenfield.
â€śYouâ€™re trying to sell a system that is ultra expensive as though it were something that were designed for the masses to be affordable and itâ€™s not,â€ť 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, thereâ€™s no indication that Amtrak could do a better job overseeing a high-speed rail system.