Although public funds will be used to cover much of

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Unformatted text preview: come per capita and living standards that continues to this day. Naturally, economic growth also has the power to rapidly close such gaps as illustrated by the experiences of countries of Japan, South Korea, Singapore, and more recently China. Thus, the consequences of a few percent change in the growth rate of a nation can have huge consequences for the well-being and living standards of its citizens in one or two generations. A2: Black Hole Costs of development will decrease over time Kunz, president and CEO of the U.S. High Speed Rail Association, a trade group that focuses on advancing a national network, March 10, 2011 [Andy, “U.S. High Speed Rail: Time to Hop Aboard or Be Left Behind,” http://e360.yale.edu/feature/us_high-speed_rail_time_to_hop_aboard_or_be_left_behind/2378/, Accessed 6/1/12] SM Enhancing U.S. energy security is just one reason the country needs a state-of-the-art high-speed rail system, which by 2030 could transport millions of people each day between America’s cities. A national high-speed rail system would generate millions of jobs; help revive the country’s manufacturing sector by creating a new industry producing the trains, steel, and rela...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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