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August 1, 2012
Let Them Eat (More) High Speed Rail
Amtrak began service 40 years ago last May. Even the most attentive readers of finem respice might be forgiven for permitting this important event to go unmarked,
accompanied, as it was, by a $1.47 billion loss for Amtrak's 2011 fiscal year. This figure is, in all actuality, not as impressive as it seems. For the last two decades Amtrak, which was expected to break-even three (3) years after its founding in 1971, has been running losses of this size. In fact, its cumulative losses for the last 20 years add up to an Imperial Fuckton of red ink. -- | finem respice
Posted by gerardvanderleun at August 1, 2012 12:23 AM. This is an entry on the sideblog of American Digest: Check it out.