Month October 2011

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High Speed Rail is dead. Stick a fork in it

Most state projects for High Speed Rail (HSR), including California, assume they will get major funding from the federal government. This is no longer true. The Senate Appropriations Committee, which is controlled by Democrats, recently voted to fund HSR by…

Treasury officials: Never saw a loan like Solyndra

The half-billion dollar loan to Solyndra Inc. was restructured earlier this year so that private investors moved ahead of taxpayers for repayment on part of the loan in case of a default. Treasury officials Gary Grippo and Gary Burner told…