Federally-assisted waste: Story is all too familiar

The federal government does so much to waste our money. One under-appreciated way of doing this is by providing matching funds to help local governments build unnecessary projects like trains and transit. Check out this Reason article about the current push for a streetcar project in Cincinnati.

Oh, and then there was this article in the papers recently about how the federal government is spending $6.7 million to create another Rail Runner station (and transit center) at Montaño Road. Oh, and don’t forget the $5 million (of a total of $7.5 million) the feds put down to fund construction of the bike bridge over the Rio Grande at I-40.

Surely there are better uses for this money with the economy facing major hurdles, the federal government swimming in debt, and the state facing additional, major cutbacks in the coming year?

Print Friendly, PDF & Email

2 Replies to “Federally-assisted waste: Story is all too familiar”

  1. They should have made the new bike bridge over the river at I-40 a toll bridge. To pay it back in 30 years they’d need to raise about $685 a day (before you account for the time value of money) I’m sure the handful of people that will be using it everyday will be more than happy to pay $100 for the privilege.

    $7.5 million sure would fix a lot of potholes.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.