Posted: 3/10/2015
Trigger
Salient quotes:
- “Amtrak has cost the government over $45 billion in subsidies over the last 44 years, allowing it to finance the upkeep of unprofitable routes, overstaffed trains, and the mismanagement of its food services.”
- “The operating loss is unlikely to continue to decline due to the losses in Amtrak’s long-distance routes, which bleed about $600 million annually. After factoring in depreciation and other expenses, Amtrak lost a total of $1.1 billion in 2014.”
Amtrak is one of those god send examples of how bad government is in running any business!
Since Amtrak is a government run business it is allowed to persistently violate federal laws like ADA (Americans with Disabilities Act) according to the above article.
Amtrak is run for people like former U.S. Senator current U.S. Vice President Joseph Biden who used to take the Amtrak from his home in Delaware to commute to Washington DC.
In The Name Of Limited And Small Government
Privatize Amtrak immediately or let it finally go bankrupt!
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