User fees must cover all operating and most capital costs...Many, if not most, wish-list projects fail this test. House Transportation Committee Chairman James Oberstar, Minnesota Democrat, wants to increase transit's share of federal surface transportation funding from 15 to nearly 30 percent. But transit riders pay only a third of the operating costs and none of the capital costs of transit, while highway users pay 80 to 90 percent of highway costs. This suggests transit will not have anywhere near the stimulative effect of highway spending.It's official, my mind is officially blown. He's basically saying that since we spend a whole lot of money on driving cars, freeways are the only way to stimulate the economy. I should just give up now because transit is wasteful and doesn't make me spend a lot of my money on cars. In fact, I save so much money from taking transit, it doesn't count when I spend it on something else, like say a nice dinner locally. Let's send our money to the Saudis instead.
Sunday, February 15, 2009
Oh the Logic
O'Toole writes his rules of the stimulus, wherein I immediately start dying of laughter at his rules and claims...