Obama Announces $8 Billion For High Speed Trains : Gas 2.0
via gas2.org
In the 2010 State of the Union and immediately following announcements, the Obama Administration called for money for high speed rail transport. There are many high speed rail proposals being developed around the U.S. In California it would connect the LA area with San Francisco and some points in-between.
Rail transit is generally more convenient than either cars or airplanes. The typical existing rail transit is slightly faster than driving a car, slower than flying in an airplane. High speed rail would be closer to airplane speed with a smaller environmental impact.
$8 billion however isn't enough to pay for the whole system. It'll help juice the projects along, however.
