“It’s going to be hard.” 

President Bush was referring on Monday to finding ways to pay for looming and necessary improvements to the nation’s deteriorating transportation systems. Remember that Minneapolis bridge collapse? The “no new taxes” and “smaller federal government” approach has not served to maintain and expand the country’s highways and mass transit in a way that can meet the demands of the growing population and the realities of a globalizing economy. The federal government had funded the interstate system through the gas tax in the 1950s and 1960s. But since 1980, our Washington politicos have refused to raise the gas tax, sending the Highway Trust Fund into the red by 2009 and leaving the states to fund road improvements most can’t afford.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.