Regarding privatization, I'm all for it, but that's really not the topic of this thread. At a minimum, the vast majority of rail traffic in the US is private anyway and always has been.
It would be better that the states who benefit from it pay for it, rather than having to beg North Dakota senators for funding.
They'll break it up, it will be starved for funds (it now will only be in the interest of a few states to fund it so it won't get much money from Congress)
Comment