So as of now, this touted $250 billion cost is a number that means nothing, because it is just one side of the equation.
I am confident we will approach these debates with goodwill and mutual respect.
In terms of its costs, but it says nothing about its net benefits or net costs.
So in other words, even the cost figure is not a real cost figure, because it includes transfers.
Thank you, Mr. Chairman. Let me begin by thanking all concerned for holding this hearing.
This is not a cost to society, but, rather, a transfer to the injured party.
We have to deal with that problem.
Is there sufficient investment capacity to keep up with that?
That figure that I couldn't remember a moment ago is an 88-percent increase in demand by 2035.
What can the Federal Government do to help expand investment in rail?
It is a fair question, and one we have debated for years.