Highway Trust Fund Running Out of Money

We just reported on the EPA’s odd decision making vis-à-vis the 2010 Chevrolet Volt. Now here is something else to erode your faith in government: the federal highway trust is a little short on cash this year. By a little, we mean $200 million.

That means federal payments to states for certain bridge and highway projects will be delayed or temporarily reduced. The primary reason for the shortfall, said Transportation Secretary Mary Peters, is a reduction in revenue. The trust fund gets much of its money from gasoline taxes, which have suffered as drivers have reduced their fuel usage.

Of course, being the government, Peters and the politicians are also blaming each other. Peters and her fellow Republicans are blaming earmarks that congressmen – mostly Democrats they say- tack on to highway spending bills. Democrats like Sen. Chuck Schumer, D-N.Y., argue that Republicans have “thrown up ideological roadblocks in front of every effort” to fund infrastructure maintenance.

What this all means to you is that if you drive on an antiquated, pot-hole ridden highway to work everyday, it might be time to invest in better struts.

Source: New Haven Register