Commentary I’ll give California’s high-speed rail project one thing. For 14 years, it’s given me something to write about as an example of government waste. From the beginning, when it was advanced as Proposition 1A in 2008, I have pointed out it existed only to spend billions, never to get near completion. The original cost was pegged at only $40 billion for the whole shebang, with $10 billion coming from the Prop. 1A bond, itself bankrolled from the state’s general fund. On Tuesday, as required by law, the High-Speed Rail Authority released its biennial financial report for 2022. The main takeaway: the estimated cost rises another $5 billion, to $105 billion. That’s from the previous plan, just 10 months earlier, which was delayed because of the pandemic. Basically, costs are rising at about 5 to 6 percent per year. The change from the previous plan was announced as: The most …