Amtrak: Enron Of The Public Sector

Wendell Cox, a member of the Amtrak reform council, offers his perspective on Amtrak restructuring.

"If there is an Enron of the public sector, it is Amtrak. Created to be a profitable company in 1971, it has received $44 billion in federal tax subsidies. Congress was so concerned about its deteriorating financial performance that it enacted the Amtrak Reform and Accountability Act (ARAA) in 1997. Under this act, Amtrak was to wean itself off operating subsidies, and was provided with a new "reform" board of directors to do the job."

Thanks to Transport Policy Listserv

Full Story: Derailed

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 7 different cities.
$22.00

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!