On the recordJanuary 16, 2003
Amtrak pretended it was on a glidepath to self-sufficiency and maintained that fiction far too long. It took action such as borrowing money through a variety of means, the primary example being the mortgaging of Penn Station last year, and now debt service is a huge cost. That's not the way to run a railroad and not the way I will run the railroad. Too many happy words have hidden very dismal financial results. I come to this floor year after year, talking about these problems and, in all due respect to my dear friend from Delaware, he never recognized these problems. These problems were never recognized by the proponents of Amtrak. These were serious problems.
Source
govinfo.gov
