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Re: Amtrak gets USDOT approval for $563M RRIF loan to buy 70 ACS-64s

Posted by Chris R16/R2730 on Sat Jul 2 16:03:01 2011, in response to Amtrak gets USDOT approval for $563M RRIF loan to buy 70 ACS-64s, posted by Olog-hai on Thu Jun 30 21:42:04 2011.

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The RRIF program is a model of how we can leverage federal dollars to spur private investment and build up the economy,” said Federal Railroad Administrator Joseph Szabo in a prepared statement. “It provides steady, affordable financing for major rail construction and expansion projects, and best of all, it comes at zero cost to the taxpayer.”

I'm happy to see Amtrak get the new engines they badly need, but this is just pure, 100% bullcrap.

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