Wednesday, November 7, 2007

Foreign Ownership of American Roads – A Mistake and a Backlash By Paul M. Weyrich

Infrastructure ought to be an easy sell. After all, we are talking about the roads upon which we drive every day. Now even mass transit systems are up for consideration. But the Administration is reluctant to fund infrastructure projects. The last major push for such projects came in 1982. Secretary of Transportation Drew Lewis persuaded President Ronald Reagan, still relatively new on the job, to agree to a tax increase for infrastructure purposes. Congress was supposed to make budget cuts accordingly. Reagan raised taxes but the Congress failed to come through. Reagan was angry. He felt he had been had. Still, money was raised for roads and bridges and that was the last major federal push for infrastructure projects.

Foreign Ownership of American Roads – A Mistake and a Backlash ...

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