Amtrak's Gravy Train.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)

Publication: Investor's Business Daily

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COPYRIGHT 2004 Investor's Business Daily, Inc.

Amtrak: We won't try to make any puns about it running off the rails. But the federal government's money-losing passenger train system is, as it has been for decades, going absolutely nowhere -- and fast.

Actually, Amtrak is going somewhere. But it's heading in the wrong direction. On its current path, it will never find that elusive station in Profitville, U.S.A.

If it ever arrived there, it would be late, anyway. On top of its financial problems,...

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