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GOP Asks President Obama to Reject XpressWest

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AIR DATE: March 20, 2013

Rep. Paul Ryan from Wisconsin and Senator Jeff Sessions from Alabama recenlty penned a letter to the Obama administration asking them to reject a $5.5 billion loan application for the proposed XpressWest high speed rail project. XpressWest is a proposed high-speed train that would run from Las Vegas to Victorville, California. Could those lawmakers kill XpressWest? We discuss the latest on XpressWest and whether GOP opposition could stop the project.

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Rick Velotta, Reporter, Las Vegas Sun and Vegas Inc. 

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    COMMENTS:
    If a private company wants to go the private equity market and try to raise $5.5 billion, let them. Of course, they will NOT get it because the XpressWest is not viable economically. Oh, is that why taxpayers should instead loan them the money, so that a private business can go bankrupt and leave us with nothing after paying themselves fat salaries and such?? Really, Econ101 tells us that if there were a need for XpressWest and if it were economically viable, it would *already exist* courtesy of the free market.
    Tom HurstMar 13, 2013 19:40:26 PM
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