A look at the American government's budget considerations for three modes of transport (highway/mass transit, rail and air) and their future propositions.
Written in 2004; 1,903 words; 6 sources; MLA; $ 60.95
Paper Summary:
All three modes of transit in the U.S. are being scrutinized by Congress for funding. The paper explains that these three modes - highway/mass transit, rail, and air - are essential to the economy, and each has been suffering from underfunding in some way, the railroads most of all. It discusses how three pieces of legislation, TEA 21 (with the President's version called SAFETEA), an Amtrak funding bill, and AIR 21, the aviation-funding bill, are now being considered by Congress for fiscal 2004. It discusses what is happening with each bill and examines what effect the continued and, particularly, additional funding will have on transportation in the U.S.
From the Paper:
"The Transportation Equity Act for the 21st Century (TEA 21) will expire in September, 2003, unless it is reauthorized. The Bush Administration has proposed a restructuring of the way funds are distributed. Currently, 80 percent of funds for mass transit improvement come from the Mass Transit Account of the Highway Trust Fund, and 20 percent from the General Fund. The result of this is that it has appeared all transit funds have been obligated immediately, and spent out, even though it takes years for a project to be completed and funds completely spent. Despite that, unless a change in the accounting methods occurs, says the administration, the trust-funded portion of the Mass Transit funds will go broke by 2007, according to a report of the Subcommittee on Highways, Transit & Pipelines Hearing."
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