Seeking Alpha

A bipartisan Senate committee proposal would maintain spending on highways, bridges and transits...

A bipartisan Senate committee proposal would maintain spending on highways, bridges and transits at current levels plus inflation for two years, although there's just one snag: the plan doesn't say how it will close the $12B gap between the amount needed and the revenue from the gasoline tax that helps pays for such expenditure. Oops.
Comments (19)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    You can always get "bipartisan agreement" to spend other people's money in DC. It's the paying for it (and fixing real problems) where nothing gets done.
    6 Nov 2011, 05:38 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2896) | Send Message
     
    Well, the alternative is let corporations take over highway construction and build a toll booth every 10 miles, like in China.
    6 Nov 2011, 07:26 AM Reply Like
  • HiSpeed
    , contributor
    Comments (1123) | Send Message
     
    Plenty of annoying and crash-causing tool booths all over highways in Chicago
    6 Nov 2011, 02:29 PM Reply Like
  • Zigg
    , contributor
    Comments (55) | Send Message
     
    "Oops."

     

    The increasing number of cutesy editorials on the posts are getting annoying.
    6 Nov 2011, 07:24 AM Reply Like
  • Joe Morgan
    , contributor
    Comments (1503) | Send Message
     
    So much for cutting the deficit.....
    6 Nov 2011, 09:26 AM Reply Like
  • davidbdc
    , contributor
    Comments (3173) | Send Message
     
    Its just more of the same. Its called making choices. You have X amount of money, that means you can only spend X amount of money - not Y.

     

    Our government is spending Trillions!! Want to spend an extra 4 Billion on something then cut 4 Billion somewhere else.

     

    Total lack of leadership in Washington DC. Its shameful that I read France - yes France is implementing spending cuts to meet their deficit targets and the USA is simply spending itself into oblivion.

     

    Its time to balance the budget - "painful" cuts across the board. Its not difficult - it just involves telling people the truth - we have to make choices and that involves saying NO to lots and lots of Big Government.
    6 Nov 2011, 10:13 AM Reply Like
  • wyostocks
    , contributor
    Comments (8509) | Send Message
     
    And, these are the same clowns who are going to get the deficit under control?
    The more this goes on the more I am convinced America is the next Italy.
    6 Nov 2011, 10:27 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Indeed, John Candleface Kerry is on the 'super' commission. Its like having Eeyore manning the phones for the suicide hotline. If that doesn't say it all.

     

    The ironic thing is that Europe will tackle their problems with austerity(oh noes, sorry Krugman!) while everyone looks at America as the best house in a bad neighborhood. Only to find that America will implode in a far worse scenario wile Europe finally stabilizes.
    6 Nov 2011, 11:15 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1084) | Send Message
     
    How to close the $12 billion gap? Hmmm. Let me think about that ....

     

    I got it!, how about we raise taxes?
    6 Nov 2011, 11:47 AM Reply Like
  • wyostocks
    , contributor
    Comments (8509) | Send Message
     
    Better idea, stop spending more than you have.
    6 Nov 2011, 11:51 AM Reply Like
  • HiSpeed
    , contributor
    Comments (1123) | Send Message
     
    Better idea: use non-union labor!
    6 Nov 2011, 02:31 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    Perhaps if they let a few more bridges collapse that might make up the difference. ;-)
    6 Nov 2011, 02:06 PM Reply Like
  • wyostocks
    , contributor
    Comments (8509) | Send Message
     
    No wise guy. How about cutting some federal employees. Start with the department of education. States handled it pretty well before the feds got involved.
    6 Nov 2011, 02:10 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    Wow, that's a twist. I'm not sure how you made that leap. Perhaps you have some other issues.

     

    Anyway, I had a curious thought on this after reading your comment. The Federal Government could reduce the apparent deficit by passing on responsibility to state governments. If a road or bridge crosses state lines, then each state is responsible for maintaining it. The only problem with this might be that some states are not fiscally in good shape. Champions of states rights should be pushing this issue more.
    6 Nov 2011, 02:48 PM Reply Like
  • Billslist
    , contributor
    Comments (2) | Send Message
     
    The country should join the 21st century and put a $0.50 ( or $1.00) tax on each gallon gasoline. This would pay for the infrastructure costs.......we could call it a user fee for those who do not like the word tax. Perhaps that will discourage people from driving their 12-mpg vehicles to go to grocery store. P.S.. it would solve most of our balance of payments too.
    6 Nov 2011, 02:29 PM Reply Like
  • wyostocks
    , contributor
    Comments (8509) | Send Message
     
    And when the tax is passed on to everything delivered by a truck (which is everything) you'd be the first to complain about business screwing the people.
    6 Nov 2011, 02:39 PM Reply Like
  • Billslist
    , contributor
    Comments (2) | Send Message
     
    Not at all!!!!!
    6 Nov 2011, 10:04 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1123) | Send Message
     
    They should advocate the use of non-Union labor and watch the quality and productivity of road work increase significantly.
    6 Nov 2011, 02:30 PM Reply Like
  • Hoopono
    , contributor
    Comments (270) | Send Message
     
    Would like to see the numbers broken out on this plan. Highway and infrastructure maintenance has been funded by taxes at both the federal and state level all of my life. Yet we all recognize how poor the infrastructure has become. Now in a period of "great concern", we hear of this amazing shortfall of funds. Something smells rotten here.
    6 Nov 2011, 07:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs