BIKE: Cars are losers, say Bush and Congress
Roger Baker
rcbaker
Tue Dec 28 08:46:50 PST 2004
That can't really be true can it?
That is what the House of Reps seems to be saying with their big new
federal transportation bill, HR 4818 and Bush is on board. While about
80% of the total federal money goes to roads and highways, rail is
increasing while highway money is actually shrinking!
Look at the link below. Rail is up $380 million this year on a $7.6
billion total. Roads are up $780 million on a $34.4 billion bill filled
with earmarks, or pork. (Since most people drive cars, the home folks
beg mostly for road money, which makes for special favors based on
political clout.) But this does not count a $1.26 billion reduction to
correct road overpayments to the states in the past. So the net effect
is actually a smaller pie but one stuffed with more road pork.
Hey, that pesky little war we're fighting in Iraq to steal the oil
needed to keep all the cars running is costing billions a month and
Congress is broke, so what do you expect, a miracle? -- Roger
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http://www.transact.org/transfer/trans04/12_22.asp
President Signs New FY’05 Funding Bill
Earlier this month, President Bush signed into law an omnibus funding
bill (H.R. 4818), providing $388 billion in federal funding for
domestic programs, including new funding for transportation programs
during fiscal year 2005 (FY’05).
Importantly, while this legislation provides a full year of
appropriations for various transportation programs, about eights months
of the money will actually be available since the spending
authorizations are in effect only through May 31, 2005.
Under H.R. 4818, Congress increased overall funding for public transit,
providing total funding of about $7.65 billion, up $380 million over
the FY’04 level. This was the first real increase in transit funding
since FY’03. While the Jobs Access and Reverse Commute (JARC) and Rail
Modernization programs were essentially held to current spending
levels, additional funding was directed to the New Starts, Formula
Grants and Bus Discretionary programs.
For highways, the obligation limitation will be $34.42 billion, up
$780 over current funding, including funds for more than 800 highway
project earmarks. However, the new funding bill also makes adjustments
in the authorized highway program levels (i.e. apportionments to
states) to provide the necessary spending authority for the numerous
projects in the bill. It does this by reducing the FY’05 apportionments
to the states by about five percent and by requiring states to rescind
$1.26 billion in “unobligated program balances” from prior years (see
related story).
Finally, the legislation provides $1.207 billion for Amtrak, down only
slightly from current funding, but more than what the House approved
and what the President requested. However, the new law does direct
Amtrak to reach an immediate agreement with U.S. DOT on repayment terms
for a previous $100 million loan, reducing available funds for this
fiscal year.
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