The Florida Supreme Court ruled today that Gov. Rick Scott can reject $2.4 billion in federal money for high speed rail.
“Our taxpayers aren’t going to take the risk of the cost overrun of building it,” Scott said.
He estimates the project will cost $3 billion. And if we examine the history of virtually every other government funded project in the history of humankind, it would be a pretty safe wager to bet that it would cost even more than that.
Sure, the governor received assurances that private money will cover cost overruns. Yeah. Right. After the private entities that will benefit from the project receive a barrel full of tax write-offs, kickbacks and backroom deals to its further benefit.Details