Why Hasn’t DM&E Expansion Been Derailed Yet?
Thursday, February 08, 2007 at 5:49 pm
- 4 Comments
The proposed $2.3 billion loan is an absurd taxpayer subsidy, but keeping the railroad on track as a regional shipper should be a priority.
The fact that the $2.3 billion proposed loan to the Dakota, Minnesota & Eastern Railroad is still seriously under consideration defies logic. Not that government has ever been accused of being logical
4 Comments
Comment posted February 9, 2007 @ 9:28 am
Pete Steiner Thanks for interesting insight on possibly scaling back request, and admitting that railroads are indeed necessary component of transportation infrastructure.
Comment posted February 9, 2007 @ 1:45 pm
Public domain I have studied Minnesota railroads and railroad history extensively. Public bailouts are not the answer. Large portions of Minnesota’s rail infrastructure has been abandoned even after bailouts, reorganization etc.
Freight and passenger service are first and foremost a public service, and therefore railroads should be “nationalized,” at least partly, in order to provide that service.
Privitization of railroads leads to abuse and corruption and does not serve the public interest.
Comment posted February 9, 2007 @ 3:28 am
Pete Steiner Thanks for interesting insight on possibly scaling back request, and admitting that railroads are indeed necessary component of transportation infrastructure.
Comment posted February 9, 2007 @ 7:45 am
Public domain I have studied Minnesota railroads and railroad history extensively. Public bailouts are not the answer. Large portions of Minnesota's rail infrastructure has been abandoned even after bailouts, reorganization etc.
Freight and passenger service are first and foremost a public service, and therefore railroads should be “nationalized,” at least partly, in order to provide that service.
Privitization of railroads leads to abuse and corruption and does not serve the public interest.
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