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Other funding sources for California’s bullet train include $10 billion in voter-approved bonds and cash from private investors, which the California High-Speed
by ryanwaggoner 17y ago
Other funding sources for California’s bullet train include $10 billion in voter-approved bonds and cash from private investors, which the California High-Speed Rail Authority hopes will provide about $10 billion.
- patio11 17y agoCalifornian voters are in the unique position in American history where they can unilaterally approve bonds that will probably be repaid by other people's taxes. (Its similar to the position California unions have been in for the last few decades, where they can unilaterally approve pay/benefits raises which will be repaid by other people's taxes. These two situations are not unrelated.)