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Follow on Google News | Getting America on the right track? Or derailing the Constitution?President Obama has announced a multibillion-dollar investment in high-speed railroads that could travel as fast as 200 miles per hour.
The interesting word here is ‘Investment’ With costs estimated at several hundred billion dollars, let’s just speculate, $500 Billion, the rail service would have to produce a $30 billion profit to justify the expense, and that’s a modest 6% return. Lets also speculate that the profit margin is 17% that means that it would have to generate sales of 176 billion. The US airline industry consists of over 300 companies and generates revenue of about 120 billion….anyone see a problem here? I have two questions for the President. 1. Where is the money going to come from? 2. What enumerated power in the constitution, gives you the authority to ‘invest’ our money this way. I won’t hold my breath. The bottom line is this; If this is such a great idea, private enterprise would have built this years ago, High Speed trains aren’t a new concept. Just stop spending our money and follow the Constitution. Remember? The one you swore to protect and defend? Michael Wardell is a Republican Candidate for Congress in Mo. 7th District. # # # Michael Wardell is a retired and disabled US Marine Vet. who is running for US Congress on the Republican Ticket. www.wardellforcongress.com End
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