Amtrak has announced that it will spend $300 million on 130 new rail cars, including sleeper and dining cars, for its long-distance trains. The government company’s announcement came with the obligatory statement that the purchase will create 575 jobs. That’s more than $500,000 per job.
Greece’s fiscal meltdown could be a sign of things to come in the U.S. if we don’t get our own fiscal house in order. The images of Greek unions rioting against desperately needed government reforms bring to mind our own problems with public sector unions.
A report from the Department of Transportation’s inspector general expresses more concerns about the Federal Aviation Administration’s ability to implement its Next Generation Air Transportation System (NextGen). NextGen is a $40 billion overhaul of the nation’s air traffic control system that would replace old-fashioned radar technology with modern satellite-based GPS navigation.
U.S. News & World Report’s columnist, Paul Bedard, reports that Transportation secretary Ray LaHood told him that it’s fun playing Santa Claus to states and cities around the nation.