The latest stimulus bill includes $8 billion for America's railroad system, and President Obama has plans to obtain more tax money each year with the hopes of giving the country's railway a racy makeover. Obama will ask Congress for $1 billion more each year for the next five years. Conversely, President Bush set aside only $1.5 billion for high-speed rail through 2013.
The current amount (added to the stimulus bill during final closed-door negotiations) far surpasses that of any previous railway project. Obama's thinking big, and wants to connect cities with high-speed trains. The project would impact almost every region in the country, at a high price of course.
When I've traveled in Europe I loved the convenience of high-speed trains that connect cities (and countries) throughout the continent. The idea of bringing the American railroad system into the 21st century makes me excited! But, do you think it's worth it?