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Air terror saves Amtrak? (Enterprising: business as an act of creation).

The American Enterprise

| December 01, 2001 | Sager, Ryan H. | COPYRIGHT 2001 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

When Amtrak was founded in 1971 and charged with taking over America's passenger rail service, its proponents claimed the new corporation would be self-sufficient within three years. This summer Amtrak celebrated its 30th birthday and blew out the candles on the most recent $3.6 billion in subsidies it has consumed over the past three years. The corporation also closed its eyes and made a wish: that Congress spend another $12 billion over the next ten years on rail transport.

Given the events of September 11, it now seems likely that Amtrak will be gifted with an additional multibillion-dollar care package. With Americans wary of air travel in the wake of the ...

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