We’ve empowered local bodies with veto power. This raises costs because of the holdout problem translated to regional politics. Add to the mix trade unions (not

We’ve empowered local bodies with veto power. This raises costs because of the holdout problem translated to regional politics. Add to the mix trade unions (not wild speculation, see NY MTA paying $1k/hr for non-existent jobs), large project fanboys, and exceptionalism (“this line will have a signaling mechanism that’s first in the world”) and you have sheer economic suicide. And that’s not even counting that there’s no project management expertise on this scale still present in America. In the decades between now and completion, you’ll see the price rise continuously. Each time, you will be subject to the subject cost fallacy and people will say things like “but isn’t 150 billion worth it?”, “isn’t 200 billion worth it?” People were told the 46 billion was not going to happen and all the way up to today’s 97 billion they’ve pulled these tactics. Many of the fans will think it’s worth it at 1 trillion for no reason. They won’t admit it now, but as the price rises you’ll see that no price rise will faze them.