REPORT: After Billions Upon Billions in Spending, California’s High Speed Rail Program May Run Out of Money by the End of 2027

The high-speed rail program that California has been working on for years and which has already cost billions of dollars, may run out of money as early as the end of 2027, according to new reports.

Has there ever been a greater example of the inefficiency of government to build things?

They have been at this for years and hardly any tracks have even been laid. At what point to they just give it up already?

The New York Post reports:

Gavin Newsom’s bullet train barreling toward financial cliff as cash could run dry in 2027

California’s bullet train could have a new end point: Brokeville, USA.

The state’s beleaguered high-speed rail line is once again careening toward a financial cliff, as a new report — delivered last month to Gov. Gavin Newsom and legislators — says the project could run out of cash by the end of next year.

The Office of the Inspector General warned that the California High-Speed Rail Authority’s funds could dry up as soon as December 2027 unless it secures financing — and the authority would need to borrow as much as $9.5 billion over five years just to keep construction on schedule.

Inspector General Benjamin Belnap’s report noted that high-speed rail officials have “obscured basic facts about the project, hindering lawmakers’ ability to provide effective oversight of the project.”

State Sen. Tony Strickland (R-Huntington Beach), who previously called the bullet train “the most wasteful government project in probably world history,” said on Tuesday that the warning of empty coffers by the end of 2027 was “no surprise.”

“During the informational hearing this spring, both the nonpartisan [Legislative Analyst’s Office] and the Inspector General were unable to identify a reliable funding source for high-speed rail,” Strickland told The Post.

Trump commented on this, slamming the failure of Gavin Newsom. Watch:

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Asked this week about wasteful government spending, President Trump didn’t have to think hard for his top example: Gavin Newsom’s… pic.twitter.com/WqTq5TcW1E

— M.A. Rothman (@MichaelARothman) August 12, 2026

Newsom is going to have to answer for all of this when he finally admits that he is running for president in 2028.

The project is a colossal failure and a bottomless pit of spending.

The post REPORT: After Billions Upon Billions in Spending, California’s High Speed Rail Program May Run Out of Money by the End of 2027 appeared first on The Gateway Pundit.