68 Billion Dollars for the High Speed Rail that May Never Be Built

We have criticized the Governor for improperly and unfairly raiding the attorney general home settlement intended to prevent home foreclosures and instead using it for his own special projects that most Californians oppose. Instead of raiding the Homeowner protection fund, we unsuccessfully urged the Governor to delay the funding of the high speed rail project since it is unlikely to be completed or create a large number of jobs within the next twenty years. (60% of voters no longer approve of the high speed rail and its potential 500 dollar roundtrip fares.) Billions of dollars of high speed rail funds could have been diverted to public school education and to help two million homeowners in distress.

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