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Bullet train infrastructure spending [Finance
Posted on November 14, 2008 @ 08:00:00 AM by Paul Meagher

As the economy tetters towards a recession there are calls to increase infrastructure spending. One good form of infrastructure spending would be to create a high-speed bullet train system like California is doing:

California voters are green-lighting the nation's most ambitious high-speed rail system, approving a nearly $10 billion bond to put speeding bullet trains capable of topping 200 mph between the state's major metropolitan areas.

The measure, which passed with 52 percent support Tuesday, will fund the first phase of what is projected to be a $45 billion, 800-mile project built with state, federal, local and private money.

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