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Secretary of Transportation Pete Buttigieg’s proposal to make the United States a “world leader” in high‐speed rail would add more than $4 trillion to the federal debt for construction of new rail lines plus tens of billions of dollars of annual deficit spending to subsidize operating costs. In exchange, such a high‐speed rail network is likely to carry less than 2 percent of the nation’s passenger travel and no freight.

Author

Cato Institute

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