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I hear the train a-comin’

You don’t have to be a fortune teller to see this train-wreck. Remember when Sen. Harry Reid switched sides during his re-election campaign to back his supporters behind the "Train to Nowhere" — a high-speed train from Las Vegas to Victorville?

It was a political payoff of the first magnitude, most people thought. And guess who looks like they are going end up holding the bag — the taxpayers, of course.

Here’s a few graphs from the Las Vegas Sun today:

"Ever since plans to build a high-speed train from Las Vegas to Victorville, Calif., were unveiled, developers have been adamant about one point — they wouldn’t ask taxpayers to fund it.

"But DesertXpress Enterprises has no qualms about borrowing from taxpayers — and borrowing big — for a project that skeptics say has little chance of gaining the ridership needed to pay for it.

"The company has applied for a $4.9 billion loan through a federal program to construct what is billed as a $6 billion project. Since the plan was presented nearly two years ago, the cost estimate has ballooned from $4 billion."

You can read the full story here.

For my money, taxpayers would be crazy to loan this outfit one dime to build a train to Victorville. Unless of course, every single person involved in the hairbrained idea — including Sen. Reid — put all their wealth on the line as personal security. Then it might be fun to watch.

How about it, guys? Willing to put all of your personal money up … like you now want to put the taxpayers’ money up?

I promise you they won’t. But for once I’d like to see the government grow a pair and ask developers for some personal guarantees. You want a $4.9 billion loan on something you think can’t miss? Fine. Go all in. All of you.

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