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Obama calls for $53 billion in spending to build more high-speed railroads. Key quote:
An initial $8 billion in spending will be part of the budget plan Obama is set to release Monday. If Congress approves the plan, the money would go toward developing or improving trains that travel up to 250 miles per hour, and connecting existing rail lines to new projects. The White House wouldn’t say where the money for the rest of the program would come from, though it’s likely Obama would seek funding in future budgets or transportation bills.
I hope that the reason the White House couldn’t say where the money would come from is because it simply does not exist, and there is little chance that Congress will appropriate it.