Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Highway Trust Fund Faces Insolvency Next Year, CBO Says
http://www.bloomberg.com/news/2012-01-31/u-s-highway-trust-fund-faces-insolvency-next-year-cbo-says.htmlThe Highway Trust Fund, which pays for U.S. road, bridge and mass-transit projects, faces insolvency sometime during the 2013 fiscal year that will begin Oct. 1, according to the Congressional Budget Office.
The Highway Trust Fund will probably run a deficit of $10 billion this year, compared with $8 billion in 2011, the Washington-based CBO, which provides Congress with analysis on programs funded by the U.S. budget, said in a report today. The fund, which is financed through fuel taxes, wont be able to meet its obligations next fiscal year, according to the report.
Today America is one big pothole and we have lots of bridges that are crumbling, Transportation Secretary Ray LaHood said in a speech in New York yesterday. The Highway Trust Fund was a great source to build our interstate highway system, but it has been diminished.
Revenue into the trust fund, primarily from U.S. fuel taxes, has declined as cars have become more fuel-efficient and Americans are driving less because of higher gasoline prices, according to the U.S. Department of Transportation.
more at link...
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 839 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
U.S. Highway Trust Fund Faces Insolvency Next Year, CBO Says (Original Post)
Javaman
Feb 2012
OP
Here's a thought...end the endless speculations which according to recent reports adds $0.80 to the
mdavies013
Feb 2012
#1
I thought this was interesting in light of the current fervor for longer tax holidays.
GeorgeGist
Feb 2012
#3
mdavies013
(336 posts)1. Here's a thought...end the endless speculations which according to recent reports adds $0.80 to the
price of gas...which is 6 times greater than the fed gas tax. Stop Wall Street taxation without representation. Use the $0.80 to fix roads and bridges and then drop it back down to the normal rate.
I am sick of hearing about reining in Wall Street...and we can do things to make this Country great...but what is never addressed is that Wall Street is taxing everything we buy...they are the Mafia and we are stuck paying higher prices because there is no cop on the beat that will stop it.
MattBaggins
(7,904 posts)2. Why do you hate free enterpirise????????????
GeorgeGist
(25,323 posts)3. I thought this was interesting in light of the current fervor for longer tax holidays.
CBOs Baseline Projections of Trust Fund Surpluses or Deficits
http://www.cbo.gov/ftpdocs/108xx/doc10871/AppendixD.shtml