Slightly to the Right in New Jersey

Conservative comments on New Jersey

The Hudson River Railroad Tunnel

Thursday, it was announced that the federal government had approved giving $3 billion in federal funding to build the new Hudson River Railroad Tunnel.  Here is the link to the full story as reported in the Star Ledger:

http://www.nj.com/starledger/stories/index.ssf?/base/news-12/1231997169199520.xml&coll=1

It took me awhile to think about this, since some of the claims made did not make any sense, in light of the information that I had posted a few days ago.  At that time, the claim was made that 4,000 jobs would be created for the $8.7 billion that would be spent on this Choo-Choo tunnel.  If you did the math, each job would be created for $2,175,000.00 per job, or $310,000.00 per year over the seven year period estimated that the construction would take. Now, the claim is made that this project will create 40,000 to 50,000 jobs!  Well, lets do the math again.  If we can get 50,000 jobs, that would be $174,000.00 per job, or $24,857.00 per year of the project.  Now, that sounds great except for the fact that no construction worker in New Jersey would do the job for about 25 thousand a year.  so it seems that the 40,000 to 50,000 is just not a real figure on job creation.  Also, think about this, 50,000 is about the same amount of people who would fill Giants stadium.  Where are all of these people going to be working around this tunnel?

Another selling point being used to justify this project is the premise that 22,000 cars will be removed from the road because the drivers (and passengers) will start taking the train to work in New York City and spend their money there.  Well, if we divide 22,000 into $8.7 billion it will cost $395,455.00 per car to remove them from the roads leading to New York City.  That does not seem to be a good investment to me!  If this number is right, lets do another calculation.  If each car has one driver and three passengers, that would be four new passengers for the Choo-Choo Tunnel.  This would be about $100,000.00 per passenger cost.  Now, if the average Choo-Choo train fare was $10.00 round trip, and each person used the train 250 times per year, it would take 40 years to just obtain the fares to pay for the tunnel alone!

Give me a break, this whole Choo-Choo train tunnel idea is just one large pork-barrel project to appease the union construction workers and pay for play construction companies!  Plus, the $8.7 billion is what they want to borrow for these projects.  It does not include the interest that will have to be paid for the bonds that will be needed to actually get their hands on the money needed for this project.  Why not keep the New Jersey money, about $3 billion, and spend it to make New Jersey a more favorable place for companies to locate and create jobs here?

To Governor Stupidhead, our lunatic Senators and all of the other idiots in Washington D.C. and Trenton, “IT’S TAXES, STUPID!”

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January 17, 2009 - Posted by | Borrowing, Budget, Congress, Corruption, Corzine, Crooks, Debt, democrats, Gas Tax, Hudson River Tunnel, Liberals, New Jersey, Recession, Republicans, Shore, Taxes, Tolls | , , , , , , , , , , , , , , , , ,

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