24 Oct '11, 8pm

Investing in Transportation to Escape the Energy Trap

America's vast transportation network -- roads, bridges, and railways -- is in dire straits, marked most notably by a huge backlog of repair needs and not enough government funding to fix the problems. There's simply not enough public money for transportation and politicians remain reluctant to raise the gasoline tax. Since 1993 the gas tax, which feeds into the National Highway Trust fund for highway projects, has stood at 18.4 cents a gallon. Here's an interesting fact: According to the Bureau of Labor Statistics, adjusted for inflation the gas tax would need to be 29 cents a gallon to buy what it did back then. Not gonna happen. Why? Largely because of anti-tax fervor among elected officials these days, making the very rational case for raising more revenue for transportation from higher user fees at the pump one of the few things that both the White House and Congress ...

Full article: http://switchboard.nrdc.org/blogs/rperks/investing_in_tra...

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