Saturday, December 13, 2008

It doesn't get any easier than this

If politicians are looking to make sure that the economy is stimulated through infrastructure spending, the first stop should be injecting funds to the Highway Trust Fund. The Trust is funded by gasoline taxes, and since Americans are driving less and less, the Trust is running low on funds. The infrastructure projects funded by the Trust are not only vital to maintaining the nation's competitiveness in infrastructure, but also provide jobs to those construction workers.

While Congress passed a temporary patch earlier this year, the drop in gasoline consumption paired with a need for economic stimulus provides a perfect opportunity for the incoming administration to massively invest in infrastructure. Since the Trust is a well-known entity that already exists, the existing mechanisms will allow dollars to flow to projects more quickly than if stimulus is routed through new organizations.

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