"The business plan released today should convince even the most loyal high speed rail advocate to re-examine the project. For years, government watchdogs -- including the state's own auditor -- have warned of the pervasive mismanagement and deceptive assumptions used by the High Speed Rail Authority. Now we are provided a business plan that pegs the cost of completing the bullet train at $98 billion. It simply isn't going to happen -- not unless the Authority can convince the Chinese government to underwrite the balance of the cost. As I have said before, this is a financially irresponsible and reckless program and it should be terminated. I will oppose any further federal participation and hope the leaders of California will come to their senses." Rep. Devin Nunes.