Tuesday, July 29, 2008

With Americans driving less for the seventh straight month, less gas tax (18.3-cents on every gallon) for highway building is flowing in. Transportation secretary, Mary E. Peters, thinks the short-term solution would be for the Highway Trust Fund’s highway account to borrow money from the fund’s (2.86 cents per gallon) mass transit account.

Really? The nation is (albeit slowly) leaving our cars and highways for public transport, and so we want to put less money into public transport to accommodate the increase, so we can maintain the level of funding for the highways?

A better solution might be to send it the other way: have the mass transit account borrow from the highway account. You'll transport more people/goods per dollar spent.

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