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”).
View this complete post...Posts Tagged ‘Villaraigosa’
Two Promising New Proposals For Solving the Fiscal Shortfall
Monday, August 9th, 2010    |
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