The Amtrak Boondoggle Rolls On—With Fraudulent Accounting, Too

Fixing just these two line items in Amtrak’s accounting shows that Amtrak did not come close to earning a profit in 2019, it won’t earn a profit in 2020, and it never will earn a profit. This is because, after counting all subsidies, Amtrak spends four times as much to move a passenger one mile […]

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