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In the wake of Penn Central filing for bankruptcy, America’s largest rail company at the time, Congress passed the Rail Passenger Service Act of 1970 and Amtrak was born. The new federal monopoly was expected to be self-sufficient by 1974.

Today, 38 years of federal subsidies and over $33 billion tax dollars later, the company has yet to turn a profit. So what is Congress’s solution?

Throwing the dysfunctional enterprise $13 billion more tax dollars over the next five years, plus another $1.3 billion towards infrastructure and security.

If the bureaucrats’ ongoing experiment with Amtrak is any indication of GM or Chrysler’s future, then American taxpayers are in for a world of hurt.

Growing government intervention and control of the economy is a big trend now in motion with tremendous profit opportunities… if you’re correctly positioned early.

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