California's ambitious high-speed rail project is under fire after a '60 Minutes' exposé revealed massive cost overruns and delays. Originally projected at $33 billion, the project's cost has ballooned to over $125 billion, with no functional rail line connecting major cities. Critics like Rep. Vince Fong are calling it a 'bait and switch,' as voters were promised a system connecting San Francisco and Los Angeles. The current plan involves a much shorter route between Bakersfield and Merced, a fraction of the originally promised distance. Even California officials admit mistakes were made, highlighting the project's mismanagement and questionable financial planning. With completion years away and costs still rising, the future of California's high-speed rail remains uncertain under Newsom's leadership.