Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (98560)	6/15/2009 11:24:30 AM
From: Dan3	Read Replies (1) \| Respond to of 116555

Highway Trust Fund Almost Broke Jun 10, 2009 3:29 PM Blaming a decline in driving because of fuel prices resulting in lower revenues from federal gas taxes, the Obama administration says that the Fund will run out of money in August. While Congress approved an emergency transfer of $8 billion in 2008 to meet a shortfall then, as drivers continued to drive less, lowering federal gas tax revenues, again the Highway Trust Fund is facing insolvency. Additionally, automakers are producing more fuel-efficient cars. In 2008, funding came from the government's general fund.... ...One Senator, George Voinovich (R-Ohio), who has said he will not be running for re-election, has proposed raising the federal gas tax that presently stands at 18.4 cents per gallon. In responding to the proposal, Secretary LaHood said this is not the time, during an economic downturn, to be raising gas taxes. There's more at: logisticstoday.com Why can't everyone see that we need higher gas taxes? - to send more more accurate price signals to the market as well as properly fund very useful and necessary infrastructure maintenance.