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California HSR - "Unfavorable" New York Times
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[QUOTE]Originally posted by Gilbert B Norman: [QB] Mr. Harris, I await your contrary thoughts: http://online.wsj.com/article/SB10001424052748703730804576319413024336624.html Brief passage: [i][list] [*]Transportation Secretary Ray LaHood announced last week that he plans to divert to California some $300 million in high-speed rail funds that Florida rejected. Nice timing. California's Legislative Analyst's Office released a study last week warning the state legislature not to appropriate funds for the same project......Congress ought to tell Mr. LaHood to devote the $300 million to reducing the federal deficit. And California's legislature had better pull the plug on the project before it blows up on taxpayers[/i] [/list] One point; The Journal's editorial board overlooks, absent specific enacted legislation, that the noted $300M cannot be diverted from "HSR" to debt reduction or any other purpose other than to which it was specifically appropriated. [/QB][/QUOTE]
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