CORALVILLE COURIER EDITOR'S NOTE: The federal government is spending money - your tax dollars - on items the railroad companies are supposed to take care of with their revenues.... This is not unlike a sports team owner asking taxpayers to fund his new stadium. Why reinvest in the business when you can take from the pockets of taxpayers, right?
WASHINGTON — The railroad industry brags in its national publicity campaign that it spends billions of dollars improving its infrastructure “so taxpayers don’t have to.”
But the ads don’t tell everything. The nation’s freight rail network has been the quiet recipient of more than $600 million in federal investment during the Obama administration.
According to Federal Railroad Administration numbers, at least half that amount has gone to projects that benefit the nation’s four largest railroads, the companies at the heart of the industry’s ubiquitous “Freight Rail Works” campaign. They include Fort Worth-based Burlington Northern Santa Fe, owned by Warren Buffet’s Berkshire Hathaway.