Sunday, August 03, 2008

Why the government is spending $100 billion a year to get you to drive more

Newsweek reports:
The Transportation Department reported that Americans drove 9.6 billion fewer miles in May 2008 than in May 2007, a 3.7 percent drop. The result: rising demand for mass transit and declining revenues for the Federal Highway Trust Fund, which is funded by gas taxes. The Bush administration's counterintuitive policy response, as the New York Times reported, has been for the Highway Trust Fund to borrow funds from the department's mass-transit account.