By Cuck DeVore at Forbes

June 15, 2016

In November 2008 California voters approved borrowing $10 billion to build a high-speed rail system from San Francisco to Los Angeles.

In the official ballot pamphlet, proponents claimed that the rail project would be funded with a combination of federal dollars and private investment “WITHOUT RAISING TAXES.” (Full disclosure, the author signed the official ballot argument against the rail project.)

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