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» Visit the Official NARP Website Flag Stops: Revisiting Old AssumptionsFriday, August 27, 2010
—Malcolm Kenton Posted by Malcolm KentonTags: 2010 elections, amtrak, atlanta, bruce selcraig, chattanooga, editorial, empire builder coalition, high-speed rail, nashville tennessean, rail coalition, rails-to-trails, scott walker, wisconsin, wisconsin governor,Train Investment IS a Deficit Reduction MeasureWednesday, October 06, 2010Many articles in the press are playing up the opposition of some politicians to spending scarce state funds, or adding to the national debt, to improving passenger train service. Most recently, a New York Times piece cites opposition from some gubernatorial candidates in Ohio, Wisconsin, Florida and California. However, if polls showing broad public support for passenger trains reflects the attitude of the electorate, running on an anti-rail platform may not be wise. Yes, the price tag for high(er)-speed rail projects is high, but the price of maintaining the status quo—lost productivity from ever-increasing road and air congestion, escalating health costs from air pollution, and the opportunity cost of forgoing the economic development that modern train service would generate—is much higher. As economic policy expert Ezra Klein writes in the Washington Post, “[d]elaying a dollar of needed infrastructure repairs is no different than racking up a dollar of debt.” Now is the best time to build major pieces of infrastructure like better railroads and train equipment because construction costs and interest rates are historically low and so many people are in desparate need of a job. The economic output generated through building out needed infrastructure—both direct and indirect—will result in increased tax revenue, leaving us better able to pay down whatever additional debt we incur. If we use our fiscal deficit as an excuse to continue to ignore our infrastructure deficit, our children and grandchildren—putting up with a lower quality of life than we now enjoy—will look back and ask “What were they thinking?” We already have the vision and the means to build out our rail network so that almost every American community is served by fast, frequent, reliable trains. We just need the political will, and that’s where each of us citizens comes in. Make sure your elected officials and candidates know that investing in this infrasturcture now will pay much greater political dividends than continued inaction. Side Track
—Malcolm Kenton Posted by Malcolm KentonTags: 2010 elections, 2010 governor races, budget shortfall, california, deficit, ezra klein, florida, infrastructure investment, national debt, new york times, ohio, states, wisconsin,Transit Investment a Victim of General Loathing of Public SpendingFriday, October 08, 2010Ironically, perhaps the greatest challenge facing passenger train development is anger at the huge government investments that bailed out such companies as GM, Chrysler, AIG, Citigroup and Bank of America and arguably saved the American financial system from collapse. There is anger at banks—and frustration that “bank reform” has been received so warmly by the banks themselves. Indeed, columnist Francesco Guerrera wrote that, for Goldman Sachs, which is “desperately trying to prove that it puts customers first, the government-sanctioned elimination of a key activity not involving clients [proprietary trading] must feel heaven-sent.” Since the government has yet to sell its positions in the car companies and AIG, and early indications are the prices will be closer to the low end of projections, it seems clear only that the ultimate loss will be far less than the $700 billion “TARP” investment. Nonetheless, “populist” anger at all this government spending ignores the danger of cutting government spending while unemployment remains high. This anger could yet produce a new Congress that will turn against all manner of government spending including the Obama Administration’s high speed rail initiative. That initiative has its own problems due to ongoing failure of federal officials and the major railroads to reach the agreements needed to let the bulk of the “incremental investment” part of the $8 billion flow, but Federal Railroad Administrator Joseph Szabo last week predicted that agreements for all of those funds would be in place before January. George Soros, in an Oct. 5 FT column excerpted from a forthcoming New York Review of Books article, wrote: “Americans are convinced that government is incapable of managing investments aimed at improving the country’s physical and human capital…The simple truth is that the private sector does not employ available resources…[For now], investment and employment require fiscal stimulus” [government spending]...” Soros disagrees with the Obama Administration’s “stated goal of halving the budet deficit by 2013 while the economy is operating far below capacity…Investing in infrastructure and education makes more sense…What stands in the way is not economics but misconceptions about budge deficits that are exploited for partisan and ideological purposes.” —Ross Capon Posted by Malcolm KentonTags: 2010 elections, bank bailouts, deficit, financial reform, francesco guerrera, george soros, infrastructure, joseph szabo, passenger trains, public investment, transit, us politics,What Tuesday’s Results May Mean for TrainsThursday, November 04, 2010The results of Tuesday’s elections for US Congress and state governorships may considerably alter the prospects for progress on many passenger train improvements. Though some may be tempted to write off the entire election as a loss for our cause, there are many results worth celebrating. For one thing, many newly-elected members of Congress, particularly those with limited political experience, may not have spent much time learning about transportation issues. As soon as these new Senators and Representatives begin hiring their staffs, we will introduce ourselves to their transportation aides and, as we always have, continuously provide them with the background information they need to make informed decisions. We will keep making the case that supporting expanded train service and putting trains on a more equal footing with highways and aviation is as much about Americans’ freedom of choice in travel as it is about our energy security, job creation, and creating desirable communities to live in. We will continue to demonstrate that the economic and social benefits of modern, reliable, frequent train service are far greater than the costs of improving service. Key House Committees Rep. John Mica (R-FL) likely will chair the Transportation & Infrastructure (T&I) Committee. He has spoken strongly in favor of high-speed rail, particularly in the Northeast Corridor, but his views on conventional intercity rail are less clear and he has been a harsh critic of Amtrak and of many of the federal high-speed grants issued to date. Also, funding prospects for all transportation are unclear, given the new Republican majority’s commitment to no tax increases (and their consideration of the federal gasoline tax as a tax rather than a user charge). He has called a gasoline tax increase “dead” and has talked about leveraging more private funding. Rep. Bill Shuster (R-PA) likely will chair the railroads subcommittee. T&I Chairman James Oberstar (D-MN) lost his re-election bid, so the top Democrat on the committee next year likely will be either Nick Rahall (WV), Peter DeFazio (OR) or Jerry Costello (IL). Posted by Malcolm KentonTags: 2010 elections, ballot measures, congress, house committees, midterm elections, passenger trains, transit,©2010 National Association of Railroad Passengers | » NARP website |
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