Bankruptcy for Amtrak? Bad Idea.

Forth in a series:Richard Schwartz of NY Daily News makes mincemeat of Mineta’s Proposal to kill Amtrak funds. He argus that while Amtrak subsidies have totaled $27Billion since inception, highways and aviation have received $1.9 Trillion. Most scathingly:

Now take a look at Mineta’s request under the “Office of the Secretary.” That includes planners, computers and Mineta’s personal staff. Last year it was a hefty $163 million, but is set to balloon next year to $336 million – about a third of what Amtrak should be getting. Nearly half of that goes toward a new DOT headquarters.

Nick Aster is a new media architect and the founder of has grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.

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