On the recordJune 26, 2008
I am disappointed but not nearly as disappointed as 50 Governors. This is a situation where the highways of this country are in desperate need of repair and construction. With the economy faltering, as it is, and the housing market stumbling, this would be a tremendous help. For the $6 billion, it would create about 300,000 jobs--300 thousand. For every billion dollars we spend, it creates about 47,500 high-paying jobs. The spinoff from those jobs is significant. This would be vitally important to give our economy a little shot in the arm. So I am disappointed my friend has objected. We are going to have to continue to work to try to replenish that trust fund. The trust fund is not adequately funded because of the fact that people are not traveling as much. They are not buying enough fuel at least to fill the trust fund. The price of gasoline, when President Bush took office, was $1.46, $1.47. Now it is an average of about $4.12 a gallon. We have real problems around the country. When gas was at $1.47, the same tax came into the coffers to fill this fund. So it is an issue, and I would say to my friend, the technical corrections bill was just that, it was to take care of other things that were essentially needed at that time.
Source
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