Both proposals stem from a conclusion that the obstacles standing in the way of enacting a new multi-year federal surface transportation program are of a long-term nature and will not be overcome any time soon. These obstacles include the inability of Congress to come up with a meaningful way to pay for the program; the increasingly shaky and uncertain status of the Highway Trust Fund; the pressure for deficit reduction in the fiscal and budgetary actions of the next Congress, especially in the likely event of a Republican takeover; and a low priority given to the reauthorization by the Obama White House (see our NewsBrief of July 16, “New Political Realities May Sidetrack the Transportation Reauthorization”).
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Two Promising New Proposals For Solving the Fiscal Shortfall
Monday, August 9th, 2010    |
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