@Erik the Newbie posted:
Rich, as mentioned, that document is just one of many from CBO, across a multitude of investigations.
The CBO doesn't do "investigations". That would be the Congressional Research Service and the Government Accountability Office.
I still stand by all the data out there, which has consistently, over many decades, shown that federal investment into Amtrak is not producing results. Unfortunately, this is not a problem that can really be solved in a short term project. It is just a sad reality.
It is government discretionary funding forecasted to 2028. This took literally 2 seconds to google: (google search: "site:cbo.gov amtrak")
Like I said, that wasn't an investigation. On the very first page it says the following:
CBO periodically issues a compendium of policy options (called Options for Reducing the Deficit) covering a broad range of issues, as well as separate reports that include options for changing federal tax and spending policies in particular areas. This option appears in one of those publications. The options are derived from many sources and reflect a range of possibilities. For each option, CBO presents an estimate of its effects on the budget but makes no recommendations. Inclusion or exclusion of any particular option does not imply an endorsement or rejection by CBO.
The federal government subsidizes intercity travel in various ways. For example, the National Railroad Passenger Corporation—or Amtrak—received appropriations of about $1.5 billion in 2017 and $1.9 billion in 2018 to subsidize intercity passenger rail services. The 2018 figure includes $650 million in grants for the Northeast Corridor and debt service and about $1.3 billion in grants for the national network that Amtrak operates. For comparison, Amtrak's capital spending in 2017 was $1.6 billion and its operating expenses totaled $4.2 billion (including $0.8 billion in depreciation and amortization costs).
That is a LOT of subsidy.
NO, it isn't. I posted a comparison with other countries above on page 2. In fact it is among the LOWEST