{"id":29090,"date":"2016-08-26T13:45:26","date_gmt":"2016-08-26T20:45:26","guid":{"rendered":"http:\/\/savingtherepublic.com\/blog\/?p=29090"},"modified":"2016-08-26T13:45:26","modified_gmt":"2016-08-26T20:45:26","slug":"biden-announces-obama-admins-dot-2-45b-loan-amtrak","status":"publish","type":"post","link":"http:\/\/savingtherepublic.com\/blog\/2016\/08\/biden-announces-obama-admins-dot-2-45b-loan-amtrak\/","title":{"rendered":"Biden Announces Obama Admin&#8217;s DOT $2.45B &#8220;Loan&#8221; to Amtrak"},"content":{"rendered":"<div style=\"text-align: center;\">\n<iframe loading=\"lazy\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/NQ9wf4zEJZ4?rel=0\" width=\"420\"><\/iframe>\n<\/div>\n<p>Joe Biden announced that the obama admin&#8217;s Dept of Transportation will &#8220;loan&#8221; Amtrak $2.45B to buy &#8220;28 new trainsets for the high-speed Acela train between Washington through New York and into Boston&#8221; and rehab aging rails and stations. I say &#8220;loan&#8221; because this is more or less a bailout for a failing govt run project. Amtrak was a failing business the feds took over and has always been in the red, so the American people will never see a return on the &#8220;loan&#8221;! It&#8217;s insultin got call this a loan. Ask a bank if they would ever loan a failing business $2.45B who shows no signs of ever turning a profit aka ability to pay the loan back?! You wont because no bank would ever make such a loan.<\/p>\n<p>This govt is constantly bailing out failures at the American taxpayers expense. We&#8217;re broke folks, the more they lend worthless printed money which results in devaluing of the dollar, the worse things will be when the economy finally blows up.<\/p>\n<hr \/>\n<p><b>Biden announces $2.45 billion federal loan to Amtrak<\/b><br \/>\n<a href=\"http:\/\/www.cnn.com\/2016\/08\/26\/politics\/joe-biden-amtrak-loan\/index.html\">by Allie Malloy and Betsy Klein | CNN<\/a><br \/>\nWashington (CNN)Vice President Joe Biden on Friday is set to announce a $2.45 billion loan to Amtrak from the Department of Transportation, the largest loan in the department&#8217;s history.<\/p>\n<p>Biden&#8217;s office announced the new loan at his namesake Joseph R. Biden Jr., Train Station in Wilmington, Delaware, his office said in a statement.<br \/>\nThe $2.45 billion will be used to purchase 28 new trainsets for the high-speed Acela train between Washington through New York and into Boston. The money will also be used to rehabilitate railroad tracks and upgrade four stations, including Washington&#8217;s Union Station and Baltimore&#8217;s Penn Station<a href=\"http:\/\/www.cnn.com\/2016\/08\/26\/politics\/joe-biden-amtrak-loan\/index.html\">..more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joe Biden announced that the obama admin&#8217;s Dept of Transportation will &#8220;loan&#8221; Amtrak $2.45B to buy &#8220;28 new trainsets for the high-speed Acela train between Washington through New York and into Boston&#8221; and rehab aging&#8230;<\/p>\n","protected":false},"author":2,"featured_media":29091,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_options":[]},"categories":[9,169],"tags":[43102,43100,3338,43101,1185],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/savingtherepublic.com\/blog\/wp-content\/uploads\/2016\/08\/Amtrak-2.45B-Loan.jpg?fit=635%2C336","_links":{"self":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/29090"}],"collection":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/comments?post=29090"}],"version-history":[{"count":1,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/29090\/revisions"}],"predecessor-version":[{"id":29092,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/29090\/revisions\/29092"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/media\/29091"}],"wp:attachment":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/media?parent=29090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/categories?post=29090"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/tags?post=29090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}