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It’s the bullet train . . . to nowhere

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Hailed as a high-speed road to the future, a jobs program and a symbol of America’s dedication to innovation, President Obama proposed Monday spending $8 billion on a bullet train – a down payment on a nationwide network that will cost $58 billion over the next six years.

But in the one state where the federal high-speed rail project is underway, critics say money is being misspent, ridership studies are inflated, the route is politically corrupted and the system will never be self supporting.

“They don’t know where they’re going to build it, they don’t have a mile of right of way under possession, it is not shovel ready, it is not even engineer ready,” says Richard Tolmach, with the California Rail Foundation. “It is still a work in progress where the line might go. Right now it is not somewhere the feds should be putting their money.”

Full Story: It’s the Bullet Train . . . to Nowhere – FoxNews.com