Mercury high-speed train

Obama Ponies Up $2.25 Billion for High-Speed Train

As part of a nationwide $8 billion high-speed rail initiative, the White House is allocating more than $2 billion to support plans to connect Northern and Southern California with a high-speed train. The highly politicized project is being developed alongside the San Francisco Transbay Center, which also picked up some cash last week. The US Department of Transportation will provide a $171 million loan to speed up construction of a state of the art transport hub beneath what is now the city’s Greyhound Bus station. Proponents laud the plans as essential to promoting public transportation and controlling carbon emissions, while opponents lament what they believe is yet another round of government spending gone wild