gavin newsom’s high speed rail is set to exhaust its funds by next year. the state has already sunk $18 billion into the effort, yet the first leg from merced to bakersfield now carries a price tag of $36 billion or more. this fiscal disaster is what occurs when democrats hold the reins. there are growing concerns that some of those dollars may have vanished through fraudulent use rather than construction. the project acts as a bottomless pit and demands cancellation. voters were promised a $3 billion system decades ago, but it is now mocked as a train to nowhere. ashley zavala broke down the numbers on fox news during jesse watters primetime, citing kcra 3 reports on the spiraling deficit.