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Highway Bill No Place to Revive Crony Ex-Im Bank
07/28/2015 at 07:57 pm - Michi Iljazi


On July 31st, the authority for federal highway payments to states, aka the Highway Bill, will expire.  If not reauthorized, this lapse of funding would threaten one of the essential programs necessary to keeping commerce running, transportation funding.  Congress brought the country to this brink because a major transportation bill has not been passed since 2005.  Instead, Congress has dodged deadlines with short-term stopgap bills since 2009 to keep transportation money flowing to the states. While some are making the case to allow states to have more control of highway funding, the mechanisms are not yet in place to make this possible. Even though a short-term funding bill is not the best solution, it is considerably better than trying top pass a 1,000-page bill with the clock ticking before the authorization expires. Even though the question of raising the gas tax has been a major roadblock to long-term reauthorization in the past, a new problem, the reauthorization of the Export Import (Ex-Im) Bank, has thrown the process into disarray.

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Thu Jul 30 18:48 And taxpayers rejoice. What does that tell you?
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Thu Jul 30 17:00 The Senate will vote on a #highwaybill today, read what #TPA said about the bill & #EndExIm:
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Thu Jul 30 15:00 VIDEO: Former FED Chief Greenspan- All this government spending is “extremely dangerous” (via @CNBC)
Thu Jul 30 14:42 RT @markknoller: Latest GDP report puts GDP market value at $17.840-trillion. That makes National Debt 101.7% of GDP.
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