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Detailed text transcripts for TV channel - FOXNEWS - 20111223:17:16:00

If you will. instead, the san francisco to l.a. bullet train is mired in the fights over costs, right-of-way, design, noise, environmental impacts and a totally unrealistic sales pitch. but remember, as i said, this isn t just about california. much of the cost of this would be paid for by all u.s. taxpayers. our goal is to give 80% of americans access to high-speed rail. reporter: less than a year after that speech the president s bullet train probability looks more like a runaway engine. it is not viable, it is not the best use of tax dollars, and especially when you re borrowing the money to do it. reporter: republican kevin mccarthy joins other fiscal conservatives hoping to derail the federal money train. what fire stations, what police officers, what schools are we going to close to continue to build a train that will probably never be finished? we need to move forward with this project because the costs of doing nothing are far greater. reporter: california residen ....

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Detailed text transcripts for TV channel - FOXNEWS - 20111223:15:38:00

Julie: california taxpayers have remorse over a high-speed rail project. why the change of heart? reporter: californians are having second thoughts but every taxpayer in the united states has a seat on the train because they are paying for it. supporters say it s an investment in america s future, critics say it s the last thing that washington can afford. our goal is to give 80% of americans access to high-speed rail. reporter: less than a year after that speech the president s bullet train project looks more like a runaway engine. it is not viable or the best use of tax dollars when you re borrowing the money to do it. reporter: he joins other conservatives hoping to derail the federal money train. what fire stations, what police officers, what schools are we going to close to continue to build a train that ....

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Detailed text transcripts for TV channel - FOXNEWS - 20111223:19:30:00

Fighting for its survival in the golden state, not even off the ground and it s already running billions of dollars over budget. now critics are demanding a second look and some are urging the state to scrap it all together. william la jeunesse following us for us. he s live in l.a. hi, william. reporter: rick, you know this is the holy grail of public infrastructure the single largest expenditure of money ever. this bullet train is mired in thoughts over cost, environmental impact, design and unrealistic sales pitches. but remember it s not just california, most of the cost will be paid for by all u.s. taxpayers. our goal is to give 80% of americans access to high-speed rail. reporter: yet less than a year after that speech the president s bullet train project looks more like a runaway engine. it is not viable, it is not the best use of tax dollars, and especially when you re borrowing the money to do it. reporter: republican kevin mccarthy joins other fiscal ....

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