Sunday, October 2, 2011

Highway system an albatross on the neck of the economy

Business groups want multiyear highway funding extension to prevent “billions” in delayed projects | Texas on the Potomac | a blog: "The U.S. government spends roughly $50 billion a year on transportation projects through the Highway Trust Fund, which is funded mostly through the 18.4-cent-per-gallon federal tax on gasoline sales. The U.S. Congressional Budget Office projects the trust fund could run dry by the summer or fall of 2012 because it has spent more money than it has taken in; higher prices at the pump and a weak economy have caused gasoline sales to drop."

'via Blog this'

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