California High-Speed Rail Lost $4 Billion in Federal Funding.
In 2008, Californians voted for a $9.95 billion bond with the promise of a modern high-speed rail (HSR) system that would enable travel between San Francisco and Los Angeles in under three hours, at a projected cost of $33 billion. Seventeen years later, the project is drastically behind schedule, far over budget, and shrinking in scope to the point that those who voted for it in 2008 wouldn’t recognize today the elements they had originally endorsed—they should be very upset about the deeply flawed evolution of this project. It is reported that more than $15 billion has been spent and the bond money is gone, but passengers haven’t ridden a single mile as no single mile of track has been laid.
Post on X.comPublished on: 1/7/2026