Highway trust fund to run out of money this month

[RB TexLa]

US Transportation Secretary Peters says highway trust fund will run out of money this month

Associated Press

Last update: September 5, 2008 - 12:24 PM

WASHINGTON - US Transportation Secretary Peters says highway trust fund will run out of money this month.

http://news.yahoo.com/s/ap/20080905/ap_on_go_ca_st_pe/highway_funds_1

[stillcool]

1. your link didn't work...

so I found another...

U.S. highway trust fund veers toward crisis
Count it among the victims of rising gas prices. Billions of dollars in road projects are at risk.
By Richard Simon, Los Angeles Times Staff Writer
July 21, 2008
_______________
The result: The principal source of funding for highway projects will soon hit a big financial pothole. The federal highway trust fund could be in the red by $3.2 billion or more next year.

The fund, set to finance about $40 billion in transportation projects next year, is increasingly strained. And the problem has taken on greater urgency as lawmakers face a backlog of projects to maintain the nation's aging interstate highway system and ease traffic congestion.

"The situation has only been exacerbated by rising fuel prices, which are causing motorists to drive less and resulting in less revenue for transportation improvements," said David Bauer, senior vice president for government relations at the American Road and Transportation Builders Assn.
http://www.latimes.com/news/nationworld/nation/la-na-highway21-2008jul21,0,512955.story?track=rss

[RB TexLa]

2. Thanks, I guess they moved it. I put another link. Wasn't anything else that wasn't in the post

at the link.

[stillcool]

3. wow...I am shocked that this didn't..

get more attention. WTF?

[onethatcares]

4. geez, you guys are acting like some bridges or something will fall down,

without this money. We can just sell the highways to the highest bidders, waddayathink?:banghead: