July 21, 2008
JUST RAISE THE TAX:
U.S. highway trust fund veers toward crisis: Count it among the victims of rising gas prices. Billions of dollars in road projects are at risk (Richard Simon, 7/21/08, Los Angeles Times)
Soaring gasoline prices are hurting Uncle Sam in the wallet too.As motorists cut back on their driving and buy more fuel-efficient cars, the government is taking in less money from the federal gasoline tax.
The result: The principal source of funding for highway projects will soon hit a big financial pothole. The federal highway trust fund could be in the red by $3.2 billion or more next year.
The fund, set to finance about $40 billion in transportation projects next year, is increasingly strained. And the problem has taken on greater urgency as lawmakers face a backlog of projects to maintain the nation's aging interstate highway system and ease traffic congestion.
They hired the roads, make the mobile welfare queens pay for them.
Hey, I've got an idea.
Why don't they earmark some of those funds for, you know, road building and maintenance?
Regards,
Ric
The public sector is so corrupt, budget of any size just gets taken.
In the Cleveland Plain Dealer this morning, cleveland.com, an article detailing the 2001-2002 county employee buyout program drives home the level of graft. The article though was meant to be a puff piece for how the local Pols saved us money but it showed how the public got fleeced for 150 mil.
Fixing roads...laughable.
Posted by: Perry at July 21, 2008 1:55 PM
Yeah, tell me more about welfare queens and railroads for public transit.
Posted by: Tom Hanson at July 21, 2008 10:22 AM