Obama’s “moon project” aka high-speed rail is moving along. Costs are spiraling:
Faster than a speeding bullet train, the cost of the state’s massive high-speed rail project has zoomed to nearly $100 billion — triple the estimate given to voters and more than enough to run the entire state government for a year.
The US House of Representatives passed on Tuesday (December 13, 2011) a bill that had in it a key Social Security tax component that Obama favors: it would keep 160 million workers from seeing their payroll tax go up on January 1, 2012, from this year’s 4.2% back to 6.2%. The bill ignores Democrat proposals to place a surtax on people earning more than $1 million annually to offset the payroll tax non-increase. BTW, because the bill also has a clause in it about the Keystone XL pipeline, Senate majority leader Harry Reid (D-NV) said, “It was dead before it got to the Senate. The Senate will not pass it.”
