6:58 PM EST
Doug LaMalfa, R-CA 1st

Mr. LaMALFA. Thank you, Congressman Denham.

Indeed, the more time that goes by on this issue, the more problems and flaws are exposed in this. This is a measure that passed in 2008, was put in front of the voters, known as ``Prop 1(a)'' at the time that passed by a 52-48 margin. I think the voters were sold something completely different than what we are actually seeing as Californians in the project.

Congressman Denham mentioned that the price has ballooned from approximately what people saw on the ballot, $33 billion for that initial San Francisco to L.A. segment; and just 1 year later, it was revised up after the voters had voted on it to $42 billion. And then we saw that the Sacramento segments, the San Diego segments were dropped off as even options.

Interestingly, we have all been in the State legislature--Congressman Denham and myself and another gentleman who will be speaking here in a moment--and we saw these numbers go past us at a time. And at a hearing that was held in the California State Senate in November of 2011, it was finally exposed that their numbers were way off, and they admitted that the project that voters expected would be right near $100 billion to do the San Francisco to Los Angeles segment if it was going to

be truly a high-speed rail from port to port. And also during that time, in order to build up and say what an economic boom it would be, they were advertising that 1 million jobs would be created by this.

[Time: 19:00]

We pinned them down in that Senate hearing that it wasn't really 1 million jobs. It was a term called 1 million job years, which really translates out to perhaps 20,000 jobs of building the entire system. So we have seen a lot of very creative--I would say phony--numbers on costs, on benefits, and even some of the very highly optimistic ridership numbers as well.

So, Congressman Denham, what does that mean in your district here as far as what you really think the jobs would translate out to? And then what are some of the impacts on the property involved, as well?