Sunday, October 26, 2008

It's Too Bad

It's too bad that in the current political climate our passenger railroads are not still run by private corporations. Do you see where we're going with this.

If Amtrak were a private corporation, all it would have to do - other than pay its executives scads of money to run it into the ground - would be to whine about how it is too big and important to the United States economy to fail. Bingo. The government would be buying up equity with taxpayer dollars and there would no longer be a question of getting appropriations in Congress.

With Congress ready to pour money into 1. banks; 2. insurance companies; and 3. anything else that moves and has assets to control, the freight railroads are already lining up at the door to the treasury. (We once had an uncle who used to do what Congress does to number 3, but we called it something different.)

It may bode well for rail infrastructure, but again we fall back on the questions: How far can government money go? How is all this going to happen without huge tax increases? If we are all out of a job, how are we going to pay taxes?

Neither candidate for president seems to have these answers.

We spend a lot of time worrying these days.

©2008 - C. A. Turek - mistertrains@gmail.com


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