By Wendell Cox
Presentation at the Heritage Foundation 4 March 2011
High speed rail has been plagued by planning that has underestimated costs, overestimated ridership, overestimated revenues and imposed costs on taxpayers. The US intercity passenger transport system (highways and airports) is nearly all paid for by user fees. In contrast, high speed rail would require substantial subsidies. There is no need for high speed rail, since intercity transport is readily available throughout the nation.