The Wall Street Journal is not letting up on Moonbeam's support for high-cost rail. This weekend's editorial is titled "California's Kafka Express". If you have forgotten the Franz Kafka reference, Webster notes it means "having a nightmarishly complex, bizarre, or illogical quality." The Journal is on the money as usual especially when it notes
Environmentalists may even file suit if the state uses revenues from its new cap-and-trade program to finance the train. That's the Governor's back-up plan when Washington and Mr. Zuckerberg ignore his pleas. State law requires that the government spend cap-and-trade fees on activities that mitigate carbon emissions, but operating and constructing the bullet train would actually increase greenhouse gas emissions for the next 30 years.
The Zuckerberg note refers to Facebook's recent IPO and the hope that employees' and investors' capital gains and regular income taxes will save the state budget. Fat chance of that happening (see Apple's tactics and Facebook investor Eduardo Saverin moving to Singapore and renouncing his US citizenship). The Journal does finish off with a suggestion for the Guv: "Maybe the state could pay contractors in Farmville currency."