Tag: Brawny Recovery

Burning the Midnight Oil for Living Energy Independence

Back in the 90’s, Texas tried to get an Express HSR system off the ground (that is, a bullet train system somewhere in the 125mph to 220mph range) with the “Texas Triangle” project. It was to be an entirely privately funded project. Not surprisingly, competing against the heavily  publicly subsidized interstate highway and air travel systems, it did not get off the ground.

More recently, the Texas T-Bone was proposed, based on the Dallas to San Antonio leg of the Triangle and a route from Houston to Temple, then running north to Dallas with connections south to Austin and San Antonio.

While the Texas T-Bone seems to be the current plan of the Texas High Speed Rail and Transportation Corporation, this is more of an advocacy group than an official HSR Commission or Rail Development Commission.

Given that we are in between periods of substantial federal funding for High Speed Rail, I thought this might be a good time to take a look at the prospects for Regional HSR, in some of the existing rail corridors within the “Texas Triangle” region … and so arrived at the Texas Wishbone.

Burning the Midnight Oil for Living Energy Independence

OK, now, thanks to John Kasich, we are not going to get started on that Rapid Rail HSR network before 2015. Indeed, Democrats would probably have to take back one of the two Chambers of the State Legislature to be able to hit the ground running on getting that Rapid Rail HSR network going in 2015.

On the other hand, if you never lay the foundation, you always end up with an outcome you don’t like.

And I don’t like the way that the Ohio Hub connects to Summit and Portage Counties, so I want to work on how to get a station in Ravenna added to the Ohio Hub.

The reason its on the Sunday Train is threefold: maybe somebody can give me a great tip; maybe somebody can get an idea for something they can work on where they live; and its about making more sustainable transport options available to a medium city and a variety of inner and outer suburban landscapes.

Burning the Midnight Oil for a Brawny Recovery

“LQD” is an abbreviation I first encountered at EuroTrib: it means “Lazy Quote Diary”.

The quote from Warren Mosler:

Credit ratings are based on ability to pay and willingness to pay.

David Beers of S&P knows this and has discussed this in the past.

…

So why then did David T. Beers decide to downgrade the US on ability to pay, and not explicitly on willingness to pay?

Sure looks like a case of intellectual dishonesty.

And I have no idea why.

So much for his legacy.

Well, its a very short post, so fair use restricts it to an even shorter quote.

But this is the gist of it: no issuer of its own currency is ever forced to default on debt issued in its own currency.

Think about it: if your family’s IOU’s were accepted by the bank to repay debts … could you ever run short of the means to pay your debts?

What would an honest downgrade have said? Below the fold.

Burning the Midnight Oil for Living Energy Freedom

Two stories over the last week underlined the determination of the radical right wing that dominates the Republican Party to sabotage America’s future and betray our national security and the interests of our children and grandchildren:

• The Transportation Budget proposed by House Republican Transport Committee Chairman John Mica of Florida would cost 140,000 jobs
• And Republicans proposed to fund emergency disaster relief by rescinding $1.6b already appropriated and awarded to High Speed Rail projects

Burning the Midnight Oil for Progressive Populism

Chairman Mica says:

this proposal maximizes the value of our available infrastructure funding through better leveraging, streamlining the project approval process, attracting private sector investment, and cutting the federal bureaucracy, … Most importantly, this six-year proposal provides the stability states need to plan major transportation improvements and create long-term jobs.

Decoding that, Chairman Mica is saying: “Screw You, Cities”.

And of course, a bit of “screw you countryside” too, since those votes can be taken for granted.

Burning the Midnight Oil

(Right: Liberty Line) The Steel Interstate proposal is an effort to build Rapid Electric Freight Rail Tollways across the country ~ east to west and north to south ~ to:

• Take a substantial slice our of our oil imports
• Insure our national economy and national defense against disruptions of our oil supply
• Increase the productivity of our manufacturing and logistics sectors,
• Overcome decades of neglect of our national electricity transmission infrastructure, and
• Protect our legacy investment in our Interstate Highway system from the battering it receives at the hands of long haul trucks.

The point of the Steel Interstate system is that it is a system: it consists of several parts that work together to give more bang for the buck than any one could provide on its own.

Burning the Midnight Oil for Living Energy Independence

Way back before the Super Bowl, the White House had a series of exciting announcements, covered at The Transport Politic under the heading The White House Stakes Its Political Capital on a Massive Intercity Rail Plan.

That article is accompanied by the map reproduced here ~ and I stress that the map if Yonah Freemark’s work, not a map presented by the White House ~ of what a HSR system that rises to the “80% of Americans” target would look like.

And one reaction to that map is the same as the reaction to the designated DoT HSR corridors: how is that a national network? Its just bits and pieces.

How to fix this image problem, while also providing a substantial upgrade to the program, below the fold.

Burning the Midnight Oil for Living Energy Independence

There was shocking news early this June about May economic performance: GDP growth in May was about the same as the average for the first quarter of 2011, and so employment growth was virtually stagnant, and indeed fell behind growth of the labor force.

What was shocking, of course, was that this was news to anybody. For anyone with the basics on how the economy works, it was obvious that economic growth would be sluggish.

Of course, the Republicans in Congress and the White House, both for their own reasons, completely missed the boat ~ the White House arguing if we ease off the accelerate and tap the brakes, but do it intelligently, that will eventually speed up the economy, and the Republicans insisting that, no, we have to slam on the brakes to fix things.

With such a broken political discussion, what can be done?

… reprinted from about two years ago ~ June 2009 …

Burning the Midnight Oil for a Brawny Recovery

On Agent Orange, bonddad writes:

Among the most important of the rules Rosie laid down, in my opinion, is #12: Get the US consumer right and everything else will take care of itself.  The reason is fairly simple:  The U.S. consumer has the biggest balance sheet on the planet.  The U.S. consumer represents 70 percent of our GDP and about 18 percent of global GDP.

This is, however, following the entrenched habits of thought that got us into this mess in the first place. My reply, below the fold.

Burning the Midnight Oil for Living Energy Independence

“Why We Fight” is a common feature of propaganda in support of a war. Here, tonight, it is a double entendre. On tonight’s Sunday Train, in honor of Memorial Day tomorrow, with two wars launched in the past decade and still ongoing (though in one, “combat operations” by US forces have finished, so any fighting and dying is of the support and training type of fighting and dying), and another recently started up, what it means when we notice that “why we fight” has a simple answer: oil.

And also, politically, why we fight for Living Energy Independence, here on the Sunday Train.

Burning the Midnight Oil for Living Energy Independence

Last week, I looked at the California Legislative Analyst Office promoting a policy of raiding the California High Speed Rail funds to build commuter rail systems in LA and San Francisco by issuing what at first blush seemed to be simply a grossly incompetent analysis of the risks of building the HSR project.

This week, I step back and take a broader view of why it would be idiotic to accept the LAO’s advice, as well as why it matters to people across the country, and not just the people of California who risk ongoing oil addiction of their intercity transport between Northern and Southern California.

Burning the Midnight Oil for Living Energy Independence

The big news on the High Speed Rail front this week is the effort by the California Legislative Analyst to prevent the High Speed Rail project in California from breaking ground. This is in two of their recommendations:

Fund Only Needed Administrative Tasks for Now. … only appropriate at this time the $7 million in funding requested for state administration of the project by HSRA.

Seek Flexibility on Use of Federal Funds. We propose that the Legislature direct HSRA to renegotiate the terms of the federal funding awarded to the state by the Federal Rail Administration (FRA). …

Wisconsin, Ohio and Florida also “sought flexibility” as part of the process of rejecting the Federal funding. Combine that with denying the California HSR Authority the funding to allow it to break ground to meet the requirements of the funding, and this report is a frontal assault on the second of the two Express HSR projects funded by the Administration HSR policy.

Lose this fight, and the California HSR could lose its $3b+ in funding and fail to break ground. Win this fight, win approval to break ground, and the California HSR becomes much harder to kill off.