RT NewsA federal fund employed to improve roads, bridges, and ports in the United States is dangerously bare, the Obama administration told Congress.
According to the White House, over 112,000 ongoing projects – that come with around 700,000 jobs – could fall idle without action in Congress to boost the Highway Trust Fund.
US Transportation Secretary Anthony Foxx said the project delays would have a terrible effect on commerce.
“We have an infrastructure deficit in this country,” Foxx said Monday from the White House.
Financed by gasoline taxes, the Highway Trust Fund could run dry by the end of this summer, according to the administration.
“We cannot meet the needs of a growing country and a growing economy by simply maintaining our current level of effort,” Foxx said. “We must do more.”
President Barack Obama will speak on Wednesday at the Hudson River’s Tappan Zee Bridge north of New York City to tout the administration’s plan for the fund.
Of the four-year, $302 billion transportation proposal, half would be in addition to programs funded by fuel taxes. Additional revenue would come from closing corporate tax loopholes and other business taxes.
http://rt.com/usa/158548-infrastructure-funding-us-congress/
“According to the White House, over 112,000 ongoing projects – that come with around 700,000 jobs – could fall idle without action in Congress to boost the Highway Trust Fund.”
It would help if the Fed stopped stealing from the gasoline tax highway fund to pay for all of their other pet projects. Instead, they will find new ways to tax us additionally to pay for highway infrastructure repairs and, again, spend it everywhere but the highways. The Clinton Administration did the same thing with Social Security tax funds.
and with the winter we had, horrible year for potholes, which bring automobile damage $$$. So frustrating. yes, it is 90 plus degrees out today. These potholes have been here way longer than usual. We could fix them ourselves (rather than wait for a road crew), if we wouldn’t get “in trouble” for doing so.
I’d appreciate it if I didn’t have to avoid potholes the size of tank traps
on my way to work. its especially galling given how much in taxes
we fork over.
the russians have an answer for that!
http://www.atonimpuls.com/
Nice SUV. But I have my eye on a couple of Ferrari’s for the same $4-million that this SUV will cost. They didn’t drive the vehicle into a very rapid current of water… did they; otherwise, it looked like it would tumble down the river. This SUV will roll over potholes quite nicely though.
Did they steal all those appropriated funds from the last infrastructure retrofit fund already? Amazing! And they want more? They’ve not fixed a thing, nor have they put anyone back to work on those shovel-ready jobs either.
. . .
We must keep in mind that if the highways and bridges are too dangerous to pass over, we will be inclined to move back into the cities. This is their Agenda 21.
It would help if they would stop building roads and then taring them up a couple of years later to put in the storm sewers. I don’t know who plans they road but they seem to fail to take into account that it will rain sometime in the future.