Fox News reports:
A state-appointed panel said Tuesday that California’s plan to build a high-speed rail system in the state is not financially feasible and should be placed on hold. The report by the California High-Speed Rail Peer Review Group said the state should not authorize $2.7 billion in bonds to build the initial section of the system.
I’m sure the project will go ahead nonetheless. High-speed rail proponents are impervious to reason.
POSTSCRIPT: This seems like an appropriate time to remind everyone of the biggest problem with high-speed rail, bigger than the billions in wasted money. America has the world’s best rail system already, and high-speed rail could ruin it.
UPDATE: Sure enough:
Brown’s office signaled that the governor isn’t likely to be swayed by the panel’s findings. “It does not appear to add any arguments that are new or compelling enough to suggest a change in course,” said Gil Duran, Brown’s press secretary.
(Via Hot Air.)
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