With the House passing a temporary stop-gap funding bill to keep the country’s roads and highways extended and repaired, the Senate is likely to pass the House’s version lest senators get blamed for the layoffs of over 100,000 highway construction workers later this summer due to the trust fund running out of money.
But even with stop-gap funding the federal highway trust fund runs out again in the middle of next spring. So we should expect more cliff-hangers and brinkmanship from the Congress between now and then. House Speaker John Boehner said it’s up to the democrats to craft a long term solution, which means finding ways to cut federal spending in order to pay for it – not likely to happen if the U.S. goes back to war in the Middle East, contributing mightily to the country’s already rather large national debt. It’s been going down lately, but it doesn’t take much to push it back up – not that it matters – but that’s another story.
At any rate, the federal highway trust fund looks solid enough to ease the fears of any highway construction worker that they might lose their jobs. They won’t.
Some analysis from The Oregonian. Click here.