Let’s Hit the Brakes on Costly High-Speed Rail Fantasies

By: Marc Joffe, The Fiscal Times

In his address to Congress in February, President Trump said that “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land.” Since then, we have yet to see a proposed infrastructure bill from the Trump administration but reports point to a $1 trillion, 10-year initiative that will include some mix of public and private capital. Futuristic bullet trains speeding across the land may seem compatible with this vision, but Congress should treat high-speed rail with skepticism…