Roads are crumbling, bridges are collapsing, and what was once considered one of the greatest achievements of any government anywhere has fallen into embarrassing disrepair. I am of course discussing our nation’s infrastructure. Last year, the American Society of Civil Engineers gave the U.S. infrastructure a D+.
When it comes to the most basic functions of government we barely get a passing grade.
How did this happen? Credit a combination of benign neglect and anti-tax ideology run amok.
The Revenue Act of 1932 created the U.S.’s federal gasoline tax, charging 1 cent a gallon. Three decades later, President Dwight D. Eisenhower signed the Federal Aid Highway Act of 1956.That created one of the world’s great transportation networks, the interstate highway system, at an inflation-adjusted cost of about a half-trillion dollars. ( See the History of the Interstate Highway Systemfor more details.) Continues here