After a five week hiatus in High Cost Rail postings, I have finally found something worthwhile to post after 82 prior posts about this rolling disaster. Here is US Rep. Jeff Denham from California getting the better of US Secretary of Transportation Ray LaHood who seems to have lost what little sense he had a couple years ago about our train to nowhere. It is a YouTube video here that lasts 4:46 and gets most interesting around the 3:30 mark.
Just so you don't have to scramble to remember all of the percentages that Denham quotes, he uses the revised, re-revised, re-re-revised and basically low-ball estimate of $68 billion for the project. The "funding" is
Prop 1A 12%
Federal money committed 4.8%
Federal money unfunded 56.4%
This leaves 26.8 percent, by my calculation, for the non-existent private investment...about $18 billion. If only LaHood's comment about this dog "going nowhere" was true.