Taxpayers lost $833 million over the last decade on the food and beverages supplied by Amtrak, which managed to spend $1.70 for every dollar that received in revenue.
"Over the last ten years, these losses have amounted to a staggering $833.8 million," said Rep.John Mica, R-Fla., in a statement previewing a House hearing today. "It costs passengers $9.50 to buy a cheeseburger on Amtrak, but the cost to taxpayers is $16.15. Riders pay $2.00 for a Pepsi, but each of these sodas costs the U.S. Treasury $3.40."
Amazon.com is currently selling 24-packs of 12 ounce Pepsi cans for $8.94 --
which averages to about 75 cents per can.
Amtrak President Joe Boardman tried encourage House investigators by telling them that last year's losses represent an improvement over previous years. "Our ongoing programs have certainly delivered measurable financial efficiencies," Boardman told Congress in his written testimony today. "In 2006, our food and beverage service recovered 49 percent of their costs. In 2011, these services recovered 59 percent of their costs," he testified.
The food service is legally obligated to break even, but Amtrak lost $84 million just last year. "The rail service's food and beverage operation has 1,234 employees, and taking into account Amtrak's $84.5 million loss last year, that's $68, 476 per employee," Mica said.
> Taxpayers lost $833 million over the last decade on the food and beverages
> supplied by Amtrak, which managed to spend $1.70 for every dollar that
> received in revenue.
> "Over the last ten years, these losses have amounted to a staggering > $833.8
> million," said Rep.John Mica, R-Fla., in a statement previewing a House
> hearing today. "It costs passengers $9.50 to buy a cheeseburger on Amtrak,
> but the cost to taxpayers is $16.15. Riders pay $2.00 for a Pepsi, but > each
> of these sodas costs the U.S. Treasury $3.40."
> Amazon.com is currently selling 24-packs of 12 ounce Pepsi cans for > $8.94 --
> which averages to about 75 cents per can.
> Amtrak President Joe Boardman tried encourage House investigators by > telling
> them that last year's losses represent an improvement over previous years.
> "Our ongoing programs have certainly delivered measurable financial
> efficiencies," Boardman told Congress in his written testimony today. "In
> 2006, our food and beverage service recovered 49 percent of their costs. > In
> 2011, these services recovered 59 percent of their costs," he testified.
> The food service is legally obligated to break even, but Amtrak lost $84
> million just last year. "The rail service's food and beverage operation > has
> 1,234 employees, and taking into account Amtrak's $84.5 million loss last
> year, that's $68, 476 per employee," Mica said.
> Taxpayers lost $833 million over the last decade on the food and beverages
> supplied by Amtrak, which managed to spend $1.70 for every dollar that
> received in revenue.
> "Over the last ten years, these losses have amounted to a staggering $833.8
> million," said Rep.John Mica, R-Fla., in a statement previewing a House
> hearing today. "It costs passengers $9.50 to buy a cheeseburger on Amtrak,
> but the cost to taxpayers is $16.15. Riders pay $2.00 for a Pepsi, but each
> of these sodas costs the U.S. Treasury $3.40."
> Amazon.com is currently selling 24-packs of 12 ounce Pepsi cans for $8.94 --
> which averages to about 75 cents per can.
> Amtrak President Joe Boardman tried encourage House investigators by telling
> them that last year's losses represent an improvement over previous years.
> "Our ongoing programs have certainly delivered measurable financial
> efficiencies," Boardman told Congress in his written testimony today. "In
> 2006, our food and beverage service recovered 49 percent of their costs. In
> 2011, these services recovered 59 percent of their costs," he testified.
> The food service is legally obligated to break even, but Amtrak lost $84
> million just last year. "The rail service's food and beverage operation has
> 1,234 employees, and taking into account Amtrak's $84.5 million loss last
> year, that's $68, 476 per employee," Mica said.
Amtrak and the Post Office, neither seems to be able to break even.
"Although the Rail Passenger Service Act of 1970, which
established Amtrak, specifically states that "The Corporation
will not be an agency or establishment of the United States
Government,"[4] the federal government (through the United
States Department of Transportation) does own all issued and
outstanding preferred stock in the company."
>> Gov't has NO BUSINESS in Amtrak and it <along with the Post Office>
>> should be shut down or restructured today.
> The USPS was pushed into its present financial problems by factors
> that are outside its control. Among those are rules and restrictions
> related to retirement plans imposed by Congress. Repugnicans have,
> to date, refused to do anything to solve that problem:
Can you really be this retarded and still post?
The house was held by dems for decades until
Clinton/Gingrich.. it's a dem Senate, and that
doesn't count 14 years of a dem president.
Amtrak is NOT a dem or republican clusterfuck,
it's a Washington DC clusterfuck. As is the Post
Office -- pensions promised that can never be
paid for.
>> I suppose there have been no democrats in office since 1970?
> Only if I should also suppose you're more ignorant than Michelle
> Bachmann.
Fuck M.B.
>> I suppose you were all for giving Solyndra and GM money?
> No, I believe the Bush Administration should have done a better job of
> vetting that particular venture:
>>> Gov't has NO BUSINESS in Amtrak and it <along with the Post Office>
>>> should be shut down or restructured today.
>> The USPS was pushed into its present financial problems by factors
>> that are outside its control. Among those are rules and restrictions
>> related to retirement plans imposed by Congress. Repugnicans have,
>> to date, refused to do anything to solve that problem:
> Can you really be this retarded and still post?
> The house was held by dems for decades until
> Clinton/Gingrich.. it's a dem Senate, and that
> doesn't count 14 years of a dem president.
> Amtrak is NOT a dem or republican clusterfuck,
> it's a Washington DC clusterfuck. As is the Post
> Office -- pensions promised that can never be
> paid for.
>>> I suppose there have been no democrats in office since 1970?
>> Only if I should also suppose you're more ignorant than Michelle
>> Bachmann.
> Fuck M.B.
>>> I suppose you were all for giving Solyndra and GM money?
>> No, I believe the Bush Administration should have done a better job of
>> vetting that particular venture:
>>> Typical of the Obama supporters. The parasites have no facts and
>>> there's certainly nothing straight about them.
> Google: Politifact bias, About 237,000 results (0.18 seconds)
Fuck that --- address the issue that YOU pushed. Show me
one fucking dollar Bush put towards Solyndra. And fuck
Bush for even advocating it. Which I agree that he did.
>> Don't hate on him too much.... he's simply mad because he had no
>> boyfriend to make kiss-kiss with on Chick-Fil-A protest day.
> Usually, 'fag lames' are the final refuge of those who have something
> to hide. What do you have to hide, hmmm?
Ten years with wife 1, and now over 20 with wife 2... you wanna
share something?
>> What the fuck has Fox News got to do with the FACT that Amtrak has
>> lost money since year one?
> So... you don't know how to read, or you don't know how to think?
Retards coming out of the closet everywhere....
again, WTF has Fox News got to
do with Amtrak losing billions of dollars?
WTF are you even trying to insinuate?
How did Fox even come into this conversation?
Amtrak has lost money since year one. Fact.
Amtrak is gov't "owned" even tho it is explicity
forbidden to be a gov't ran establishment... lemme
put it up there for you again --
"Although the Rail Passenger Service Act of 1970, which
established Amtrak, specifically states that "The Corporation
will not be an agency or establishment of the United States
Government,"[4] the federal government (through the United
States Department of Transportation) does own all issued and
outstanding preferred stock in the company."
If you can find two brain cells to rub together, please
explain what is incorrect about any of the above
and how Fox plays ANY part of what was written.
>> Fuck that --- address the issue that YOU pushed. Show me one fucking
>> dollar Bush put towards Solyndra. And fuck Bush for even advocating
>> it. Which I agree that he did.
> QED, and it didn't even require much work.
Like any other liberal, you've never done a minutes
worth of work.
Total failure.
Would you like to try again my short-bus riding friend?
Show where Bush spent one fucking dollar on Solyndra.
