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Infrastructure funding is the type of thing on which the government needs to spend money to save money. Since it can’t – or won’t – do so, current transportation shortfalls are essentially robbing future government budgets.
America’s roads and bridges have been eroding for decades, but the deeper they fall into disrepair, the less money there is to fix them. First, the recession crippled local budgets, cutting the money available for transportation projects. As states began to recover, the federal government adopted its own mandatory budget cuts via sequestration.
Then last month, the federal legislation that annually funds transportation projects across the country hit a roadblock of Republican opposition that throttled multibillion-dollar transportation bills in the House and Senate.