If you think Obama is serious about lowering federal spending while simultaneously proposing new billions in subsidies for commuter trains. Today’s Wall Street Journal has this excellent piece by Wendell Cox. Obama says that we must not “fall behind” other countries with regard to high-speed rail, but Cox concludes, “With a record budget deficit, it makes sense to fall behind in spending on high speed rail that we don’t need with money we don’t have.”
Obama has used the “we can’t fall behind” argument before — with respect to college degrees. Just because other countries are doing something doesn’t mean it’s a good idea for us to do it too.
