Barrett Kalellis

With the fraud scandals of Enron, WorldCom, and other corporate giants roiling the stock market, along comes Amtrak to announce a shutdown unless it gets an emergency $200 million cash infusion. But the government should stop subsidizing the failed national rail service, which has wasted billions of tax dollars, and allow the market to punish mismanagement with bankruptcy—exactly as it is doing with the corporate malefactors. … more