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Re: ordinarydude post# 121196

Monday, 12/20/2010 2:16:58 PM

Monday, December 20, 2010 2:16:58 PM

Post# of 579228
YES I do. The Government found another way to meddle in private business and it has cost us over $40BILLION ever since.

The National Railroad Passenger Corporation, better known as Amtrak, is the United States' national rail passenger service, providing train transportation between major cities as well as commuter service and delivery of mail and express freight. A private corporation, Amtrak is almost wholly owned by the U.S. Department of Transportation.

1971: The National Railroad Passenger Corporation is created by an Act of Congress to supervise the country's rail passenger train service.
1981: Congress petitions Amtrak to cut back on federal support dollars.
1983: Amtrak shifts from a supervisory to an ownership role of the rail services, employing crews and centralizing reservations.
1994: Given the company's impressive revenues, Congress demands that Amtrak become a self-sufficient corporation.
1997: On the verge of bankruptcy, Amtrak continues to rely on federal subsidies.
2000: Amtrak debuts the Acela Regional passenger service linking Boston, New York, and Washington, D.C.
2004: Amtrak avoids insolvency, being approved for $2 billion a year in assistance for six years.

So the government took over the railroads in 1971. This was during the 92nd Congress. The apportionment of seats in this House of Representatives was based on the 1960 Census. Both chambers had a Democratic majority.
http://en.wikipedia.org/wiki/92nd_United_States_Congress

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