Comments by "David Himmelsbach" (@davidhimmelsbach557) on "What The Future Cars, Planes And Trains In The U.S. Could Look Like" video.

  1. Passenger rail is a GREAT investment for contractors and public/ quasi-public unions. They are disasters for taxpayers -- as politics drives simply everything. Japan's fantastic rail system is a financial black hole. No WONDER it has all those employees. THIS is NEVER brought up by public works contractors, all of whom pay off the legislature... one way or another. I give you Boston's Big Dig. Budget: $ 4,000,000,000; final outlay: $ 24,000,000,000. How sweet it was. Boston contractors were swimming in the fat. As for sacred rail -- Germany's sacred rail grid -- circa 1919 to 1923 was the PRIMARY reason for Germany's hyperinflation. The British had to step in with bean counters -- and shut the insanity off. Then, Germany recovered, right up until the Roaring Twenties bubble popped -- first in Austria. Today's Greece is tormented by outrageous expenditures on its sacred rail grid. Yes, that's where its money went. Athens is so broke you can't wrap your mind around the stats. They had spent LARGE on rail -- in the mountainous northwest of Greece. Think of West Virginia -- but much, much poorer. These rail systems -- ALL of them -- became welfare projects in transportation form. That's how they roll.
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