Wednesday, April 19, 2006

[political-researchp] Bloglines - And the Loot Goes On

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And the Loot Goes On

By Kate-A

"Mississippi's two U.S. senators included $700 million in an emergency war spending bill to relocate a Gulf Coast rail line that has already been rebuilt after Hurricane Katrina at a cost of at least $250 million.

Republican Sens. Trent Lott and Thad Cochran, who have the backing of their state's economic development agencies and tourism industry, say the CSX freight line must be moved to save it from the next hurricane and to protect Mississippi's growing coastal population from rail accidents. But critics of the measure call it a gift to coastal developers and the casino industry that would be paid for with money carved out of tight Katrina relief funds and piggybacked onto funding for the wars in Iraq and Afghanistan.

Lott cited his father's death "on a narrow, two-lane road" as a reason for his safety concerns.

"There's nothing wrong with this if Mississippi wants to do it. Mississippi wanted to do it before the hurricane," Coburn said. "But why is it a federal responsibility? Why should our grandchildren pay for it?"

The $700 million in the emergency spending bill is just short of the price CSX set for selling its right of way, buying into the Norfolk Southern line, making capacity improvements on the main line and bolstering a short line railway to bypassed areas. The high price was inevitable, Appropriations Committee aides said. CSX just spent as much as $300 million in insurance payouts and its own money to rebuild the track that Lott and Cochran now want to destroy."

Senate Appropriations Committee Chairman Thad Cochran is calling for an extra $4.6 billion on top of President Bush's request of $19 billion. That would include $700 million to acquire the land from CSX, which will move its traffic to other lines inland.

CSX's domestic lines was sold in December 2002 to the Carlyle Group.

Mo' money for Bush Family Evil Empire.




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