Amtrak at 40: Over $1 Billion in Red Every Year Since 2000

Posted by Brian
As the Federal Government is touting plans for a new national high speed rail system, the governments other foray into public rail has cost the taxpayers over $50 Billion in just 40 years.  Just another example of the inefficiency of government.

Amtrak Turns 40…Called a ‘Massive Failure’ by its Founder
Posted on May 7, 2011 at 5:01pm by Mike Opelka  h/t The Blaze

This week kicks off the 40th Anniversary of the money-sucking, inefficient, outmoded national rail system we call Amtrak.

Amtrak – the National Railroad Passenger Corporation (that’s the official name) was born during the Nixon administration.

Amtrak is:

• Government owned and controlled
• Union-operated, employing more than 20,000 workers  
• Has a CEO appointed by the president of the United States  
• Its annual budget is allocated allocated by Congress.

 What could possibly go wrong? Plenty.

READ MORE HERE--->  http://www.theblaze.com/stories/amtrak-turns-40-called-a-massive-failure-by-its-founder/

Related articles

• Amtrak transparent about its dependence on subsidies (thegazette.com)