"Gas prices tax government as highway fund runs short; Could be in red by $3.2b next year" by Richard Simon, Los Angeles Times | July 23, 2008
Yup, we got TRILLIONS for WARS and BILLIONS for BANKS and ISRAEL, but NOTHING FOR YOU, Americans!!!!
WHERE did all the $$$$ go, huh?
WASHINGTON - Soaring gasoline prices are hurting Uncle Sam in the wallet, too.
As motorists cut back on their driving and buy more fuel-efficient cars, the government is taking in less money from the federal gasoline tax.
The result: The principal source of funding for highway projects will soon hit a big fiscal pothole. The federal highway trust fund could be in the red by as much as $3.2 billion or more next year.
The fund, due to finance about $40 billion in transportation projects next year, has become increasingly strained. But the problem has taken on greater urgency as lawmakers face a backlog of projects to maintain the nation's aging interstate highway system and ease traffic congestion.
--MORE--"
Meanwhile, "lawmakers quietly are talking about raising fuel taxes by a dime."
Also see: U.S. Gas Prices Finally Fall... and Congress Wants to Raise Gas Taxes!
How does it feel to take a bobsled up the ass, Americans?
