Highway Trust Fund in trouble

I wrote about this last year and it's starting to come true: The Highway Trust Fund is in trouble. The Bush administration released its mid-session budget review which updates the data included in the President's budget released in February. The budget estimate released in February forecasted a $700 million Highway Trust Fund (HTF) shortfall in Fiscal Year (FY) 2009. Today's update increases the forecasted shortfall to more than $4 billion dollars in FY 09. "America's transportation system is the heart of our country's economy and to neglect it is a disservice to our nation," said Stephen E. Sandherr, chief executive officer of the Associated General Contractors of America (AGC). "The cuts in FY 2009 from the promised level of $43.4 billion to about $27 billion, would result in a 37 percent reduction in spending on our nation's infrastructure. Neglecting our transportation infrastructure will only make it more difficult for America to compete in the world market." The mid-session review also increased the forecast shortfall to $9 billion in 2010 and to $15 billion in 2011. Your comment?