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by refurb
3998 days ago
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Transportation infrastructure spending at the federal level is currently 3%.[1] You could always argue that is low due to a lack of investment, but it pales in comparison to federal entitlement spending (59%). I'd be much more worried about the tax burden due to entitlement spending than I would about transportation infrastructure. [1]http://www.cbpp.org/research/policy-basics-where-do-our-fede... |
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http://www.transportation.gov/highway-trust-fund-ticker
It would cost $3.6 trillion to bring infrastructure back up to par:
http://www.wired.com/2015/01/time-fix-americas-infrastructur...
> Unfortunately, highway fund revenues have been insufficient to fully fund existing highway spending, with Congress authorizing billions of dollars in transfers from the US Treasury’s General Fund into the Highway Trust Fund to keep it solvent, including a $10.8 billion transfer last August. It has ongoing funding needs that will continue unless a more permanent solution can be found, either by raising the national gas tax (which hasn’t been increased since 1993), or some other funding measure. The Congressional Budget Office expects the Highway Trust Fund to have an annual shortfall of $15 billion.