"Calif. could launch bullet train plan; Bond would fund 465-mile line" by Steve Lawrence, Associated Press | September 28, 2008
SACRAMENTO - A century and a half after California built its first railroad, the Golden State may be about to launch the most ambitious rail project undertaken by any state - a nearly 800-mile system of bullet trains that can top 200 miles per hour.
On Nov. 4, California voters will decide whether to authorize the sale of $9.9 billion in state bonds to help pay for a 465-mile high-speed rail line linking Anaheim, Los Angeles, Fresno, and San Francisco.
The state's poor economy and seemingly endless budget deficits could discourage voters from agreeing to take on more debt, although supporters tout the project as a way to create jobs. Paying off bonds over 30 years with interest would cost about $19.4 billion, according to the state Legislative Analyst's Office. --more--"
Ah, GO AHEAD, California!! Between the GAY THING and the BORROWING, we are a lot a like!!!!
