Oracle of Liberty

Constitutional Liberty and Economic Common Sense

Stimulus and Highway Trust Fund


It was only 4 short months ago that the US Govt passed the $787 billion stimulus bill with the one of the primary focuses being on infrastructure building, repair and jobs. However, it was just announced today that the Highway Trust Fund is $8-$10 billion short on current in progress works according to CA Senator, Barbara Boxer who chairs the Environmental and Public Works Committee. What does she propose to make up the shortfall? You guessed it, raising the gasoline tax which will be a tax on ALL AMERICANS who use gasoline.

How can we be short $8 – $10 billion on infrastructure when the stimulus bill includes $47 billion for transportation projects, including $27 billion for highway and bridge construction and repairs? Imagine that, government officials wanting to raise taxes because they come up short on gas tax revenues (2 years in a row) to fund transportation projects yet just passed a bill to spend money on TRANSPORTATION PROJECTS. $47 billion is apparently not enough!

What are we missing here as US citizens? Maybe miscalculated oversight on the job, overallocation of funds, inefficiency of completion, etc. So this is what we continue to get when the government oversees the US economy. We are all doomed…

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This entry was posted on June 2, 2009 by in Uncategorized.

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