The proposed bullet train - so called because taxpayers will feel like pointing a gun to their head after the true costs of the project are revealed - between San Francisco and Los Angeles has seen a teentsy weentsy increase in costs over the two years since it was proposed. Cash strapped and broke California is about to build a $100 billion high speed rail system that nobody wants, that the private sector won't back, and that the state will have to borrow massive amounts of money in order to get the project off the ground. The Mercury News: 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. What's more, bullet trains won't be up and running until at least 2033, much later than the original estimate of 2020, although that depends on the state finding the remaining 90 percent of the funds needed to...(Read Full Post)