Amtrak Misled Public About Financial Condition

“When Amtrak assured Congress it was on a “glide path” to free itself of federal subsidies early last decade, a handful of top executives secretly had reason to know better. In fact, the rail service was on the verge of bankruptcy.” (Monday, Washington Times)

Surprise, surprise, surprise

FEE Timely Classic:
Subsidizing Failure Again … and Again, and Again, and Again” by Scott McPherson

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