Gov. Jerry Brown is doubling down on the country’s biggest and most misguided energy boondoggle. California’s proposed high speed bullet train is a notoriously failed idea: not only was it foolish at the start, it now looks to be slower than initially expected as well as twice as expensive and half as useful. As a result, congressional Republicans have very reasonably choked off federal funds for the project, but Brown is fixated on moving forward anyway using state funds. WaPo reports:
“It’s well within the capability of the state of California,” Mr. Brown said in an interview last week with The Wall Street Journal. […]State financing was largely absent before Mr. Brown reached a deal with state legislators in June to fund the train using money from the state’s cap-and-trade program on carbon emissions.The budget deal directs $250 million from a cap-and-trade fund for the first year, and a quarter of the revenue from that fund in following years.
Funneling money from a cap-and-trade program to prop up a disastrous high-speed train project: It’s almost the perfect confluence of blue model thinking. The train may be rolling on in CA, but with ideas like this, it’s only a matter of time before reality derails Brown’s promises.