July 21, 2008


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.
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Posted by Orrin Judd at July 21, 2008 8:59 AM

Yeah, tell me more about welfare queens and railroads for public transit.

Posted by: Tom Hanson at July 21, 2008 10:22 AM

Hey, I've got an idea.

Why don't they earmark some of those funds for, you know, road building and maintenance?


Posted by: Ric Locke at July 21, 2008 11:01 AM

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
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