David Benton wrote: ↑Sat Jun 26, 2021 9:51 pm
True , just never seen as a subsidy, just taking whats available. Whereas Amtrak is seen as a bottomless pit .
True. Ever wondered why it is thought as a bottomless pit by so many?
Most, no all, capital projects financed by Uncle Sam is for a sort duration. The Panama Canal was an investment for a decade or so, and the tolls it charged ships for passage through financed its operations and maintenance, and the capital required to build it. It ultimately became self supporting.
Amtrak has never been self supporting. Tracks require constant maintenance and bridges, viaducts, and tunnels also require replacement. The US taxpayers have been sinking at least one to two billion dollars a year into it, for over 50 years now. And Amtrak wants another $80 Billion to fix it, specifically the NEC and it’s expansion.
50 years later, Uncle Sam did not have to sink more money into the Panama Canal, and 100 years later we gave it away to Panama. Over 33% of Panama’s GDP is associated with the Canal.
Can we say the same for Amtrak?