Happened to come across this article on MSNBC.com regarding Obama proposing $53 billion for high speed rail.
http://www.msnbc.msn.com/id/41474264/ns ... ite_house/#
WASHINGTON— President Barack Obama isLink to the article:
calling for a six-year, $53 billion investment in
high-speed rail as he seeks to use
infrastructure spending to create jobs.
The White House says Obama will call for an
initial $8 billion investment in the budget he is
set to release next week. The president set a
goal in his State of the Union address of giving
80 percent of Americans access to high-speed
rail within 25 years.
If Congress approves Obama's budget, the initial rail spending would focus on developing or improving trains that travel up to 250 miles per hour, and connecting existing rail lines to new projects.
Vice President Joe Biden and Transportation Secretary Ray LaHood will announce the initiative during an event Tuesday in Philadelphia.
http://www.msnbc.msn.com/id/41474264/ns ... ite_house/#