The Presidential Election and the Future of America's Transportation
"It would take $1.6 trillion over five years to address the nation's infrastructure problems, according to a 2005 report by the American Society of Civil Engineers, which gave the country's system a 'D.'"
"Both presidential candidates have acknowledged the importance of rebuilding the roads and rails, but have offered very different solutions. John McCain, the Republican nominee, advocates shifting financing from earmarks to high-priority projects, while Barack Obama, his Democratic challenger, would create a federally-funded bank to invest in improvement projects."
"Whoever wins will have to address the issue next year since Congress must reauthorize the federal transportation spending law, which expires in September 2009. The current law, approved in 2005, allocates $286 billion to highway and transportation projects."