Choo choo! Take note John Roberts: sometimes judges actually do try to save the voters from they’re own stupidity. On Monday California Superior Court Judge Michael Kenny stopped the sale of bonds used to fund the Edmund G Brown Memorial Railroad.
“The ruling marks yet another self-inflicted setback for the California High-Speed Rail Authority and a small victory for California taxpayers,” [Representative Kevin] McCarthy told FoxNews.com. “The CHSRA has failed at every turn to detail a realistic plan that will fund this program. With no private funds, unreliable ridership numbers and the reliance on taxpayers to eventually bail the project out – it should not move forward.”
California voters approved the sale of $10 billion in bonds to pay for the project in 2008, and the state received $3.2 billion in federal funding. Originally estimated to cost $45 billion, the current cost estimate for the project is $68 billion.
So far the California High Speed Rail Authority hasn’t laid a foot of track.