America’s Highways, Running on Empty – NYTimes.com

By 

WASHINGTON — IF you think your commute is getting worse, it’s probably not your imagination. And no, it’s not because there are more cars on the road. The potholes, the stalled construction projects, the congestion — it’s because the highway trust fund is almost empty and, without a fix, could run out of money this summer.

Federal transportation funding relies heavily on user-based fees, in the form of gas taxes. While that worked for decades, it began to break down after Congress stopped raising the tax, which has been stuck at 18.4 cents a gallon for over 20 years. Since then, people have begun driving less and using more fuel-efficient cars, which means less tax is paid. Even worse, the tax is not indexed to inflation.

Curated from www.nytimes.com


Rima NYT Comment SmallUnfortunately, this congress is nowhere near passing laws that are going to address the problem in any real way. In the absence of the enactment of a real infrastructure and jobs bill since 2010, and the exhaustion of stimulus funds, states have been scrambling to find ways to meet their needs. Many states have resorted to privatizing roads. Obviously, putting toll booths on every highway of every state is not a workable or fair solution.

We hear from McClatchy-DC that congressional Republicans want to siphon money to transportation from cutting USPS mail delivery to 5 days a week. 

“Rather than raise the tax or find some other stable source of revenue, Congress has borrowed $54 billion in general funds since 2008. The House Transportation Committee projects that as much as $15 billion would be needed to extend the highway fund for just one year.

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On Inequality Denial – NYTimes.com

Paul Krugman

A while back I published an article titled “The Rich, the Right, and the Facts,” in which I described politically motivated efforts to deny the obvious — the sharp rise in U.S. inequality, especially at the very top of the income scale. It probably won’t surprise you to hear that I found a lot of statistical malpractice in high places.

Nor will it surprise you to learn that nothing much has changed. Not only do the usual suspects continue to deny the obvious, but they keep rolling out the same discredited arguments: Inequality isn’t really rising; O.K., it’s rising, but it doesn’t matter because we have so much social mobility; anyway, it’s a good thing, and anyone who suggests that it’s a problem is a Marxist.

Curated from www.nytimes.com


 

Rima NYT Comment SmallThe Giles piece, in many ways, is worse than the Reinhardt and Rogoff “error.” There is no error here; only an attempt to tarnish and discredit, all a part of the right’s mission to pull the wool over the world’s eyes. That’s right. I am saying it. The right wing conspiracy is an international one.

It’s really sad that the Financial Times is complicit in the lie. It’s sad that so many of the trusted institutions that make up the media are divided between right and left, truth and lies, facts and fiction – engaging in propaganda.

That Piketty’s book contained errors is normal for such a huge book. US data, the lion’s share of capital, was not in question. The errors change nothing. 

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