barry needs more cash for Highway Repairs & Construction

[chefdennis]

LOL, the Stimulus was going to take care of the hyway construction and improvements!! We had to past it, the country would collapse without it...Well it looks like barry is going to be asking for 20 BILLION more TAX dollars for HIGHWAY CONTRUCTION AND IMPROVEMENTS!!! The Stimulus isn't big enough to cover the needed work!!

Seems they are relying on the TAX FROM GASOLINE...gas sales are down...so they are short the money....hmmmm wonder how they will get the cash from the gas tax when they force all thosae little gas mizzer cars on us??? Think truckers will be paying more in fuel tax!?!? LOL, you libs voted for him and change, hope you are happy with what you are getting and what is coming!!! WOW, what happens when they ram Cap & Tax through!?!? The energy companies will be paying hugh fees, they will pass them along to the consumers, then barry will need more tax because people won't be driving as much, so he will increase the tax on gas to make up for the shortfall....then we have the liberals wanted socialized medicine coming.....lol 1300 insurance companies offering health insurance, but the government is going to come in and fix the program with just their public system..... Oh yea then then there are the taxes on the "vices" of the people, soda, fast food, cigarettes, cigars etc, etc, etc.....ENJOY!!!!

By DAVID ROGERS | 6/24/09 6:14 AM EDT

President Obama short of money on highway fund - David Rogers - POLITICO.com

President Obama short of money on highway fund

Amid all its other budget woes, the Obama administration now estimates it will need $20 billion in new savings or revenues to shore up the finances for the highway trust fund until after the 2010 elections.


Transportation Secretary Ray LaHood confirmed the $20 billion figure to POLITICO after meeting with senators at the Capitol on Monday evening. And with the trust fund running dangerously low by late August, its shaky finances can’t be ignored much longer by Congress.


LaHood is pressing for an 18-month reauthorization that will carry the fund through next year’s elections and set the stage for a major debate then on a long-term answer to the problem of declining revenues from federal gasoline taxes. The administration remains opposed to any increase now in the 18.3-cents-per-gallon levy but appears willing to dip into other revenue raisers in the president’s budget in order to close the budget gap.


These could affect oil and gas tax preferences and a set of loophole closers outlined by Treasury earlier this year, but no final decisions appear to have been made yet.


Accompanying LaHood on Monday night were top White House budget and economic advisers to President Barack Obama including Rob Nabors, deputy director of the Office of Management and Budget, and Jason Furman, deputy director of the National Economic Council. After meeting with senators, the group reconvened in the Senate Appropriations Committee’s offices on the first floor of the Capitol; when asked where the $20 billion will come from, LaHood joked, “That’s what they’re here for.”


OMB had no immediate comment Tuesday, but the trust fund crisis — however long in coming — is surely a frustrating one, given all the other problems on the White House’s plate.


Decisions will have to be made before the August break — the same time period in which the House and Senate will be debating health care reform and the heart of Obama’s expansive domestic agenda. Having begun this year with an ambitious stimulus bill promising more construction jobs, Democrats are now scrambling to keep alive the existing highway program that has been a mainstay for decades.


Last year, Congress simply added $8 billion from general tax revenues to replenish the highway trust fund. But this will be much harder for Obama to justify, given the huge deficits already and his recent pledges to adopt stricter pay-as-you-go discipline.


“The time has come to pay for these type of expenditures,” New Hampshire Sen. Judd Gregg, the ranking Republican on the Senate Budget Committee, told POLITICO. “We can’t put it on the debt. The debt is out of control, spending is out of control.”


In truth, given the pace of transportation spending, many budget experts predicted the trust fund crisis four years ago. But certainly a combination of circumstances has accelerated its decline. First high gas prices discouraged consumption, and then the economic downturn affected the entire transportation industry.

 

[Poorboy]

Barry Needs to wake the Heck up, and Quit Acting and or Believing that he's God! That's what Barry Needs to do!! The Punk Better quit Spending this Country Deeper and Deeper In Debt!! He Needs To Go, And the Sooner the Better!! The Sheep Really Did it This Time, Including to Themselves!