I don’t have time to do this justice right now, but it’s quite exciting to hear that Amtrak may finally be getting some support from Congress. I’ve never understood why Amtrak is supposed to be self-financing, and money to Amtrak is considered "subsidies." Nobody says that about roads, on which we spend exponentially more taxpayer money.
Here’s the WSJ’s helpful summary:
• The Bill: The Senate passed legislation boosting Amtrak funding, as passenger rail is seen as part of the solution for global warming, traffic congestion and high oil prices.
• The Shift: The bill changes the Amtrak debate by setting a goal for the passenger railroad to improve train service rather than to achieve financial self-sufficiency.
• What’s Next: The House is expected to consider an Amtrak bill early next year.
Something to watch.