The Obama administration has already wasted nearly $1 trillion of stimulus money that was supposed to go toward “shovel ready” construction projects and create millions of jobs. Now special interest says it needs “hundreds of billions of dollars” more to prevent an infrastructure catastrophe.
CBS’s “60 Minutes” claimed in a segment on Nov. 23 that the federal government needed to increase taxes, especially the gas tax, by billions of dollars to fund supposedly vital transportation projects. By doing so, the popular news magazine show followed the broadcast news networks’ long-standing practice of supporting massive spending increases favored by the transportation industry.









