Link to article here.
What will Romney do with transportation policy?
By Terri Hall
October 21, 2012
Examiner.com
When it comes to political candidates, the axiom ‘you are what you eat’ can be tweaked to -- ‘you are who you surround yourself with.’ According to Politico, presidential candidate Mitt Romney is gettin’ cozy with former Bush transportation staff who are shaping the former governor of Massachusetts’ future road policy.
What advice is he getting?
Forget addressing the gas tax or finding an affordable way to sustain public roads and keep the program financially solvent, just keep relying on tolling and public private partnerships.
Link to article here.
Perry calls for end to gas tax diversions - Really?
By Terri Hall
October 20, 2012
Examiner.com
After starving & raiding the gas tax for his entire administration, Texas Governor Rick Perry has finally decided to get on board with ending diversions of our state gas tax for non-transportation purposes. Conservatives have been crying foul for over a decade to end the raid of our gas taxes for things that have nothing to do with transportation. So while this is a welcome announcement, it’s a bit late in the game.
Gas tax diversions are part of the reason there’s a structural shortfall in funding for roads. Twenty-five percent of the state motor fuels tax goes to public schools per the Texas Constitution, which represents approximately $750 million a year. Perry and the Texas legislature have habitually raided an additional five to ten percent on top of the education diversions for things that have nothing to do with transportation like pensions, enhancing employee benefits in the Attorney General’s Office and for computers in the Comptroller’s Office. These non-education diversions topped $1 billion a year in the last budget.
Read more: Perry finally calls for end to gas tax diversions
Link to article here.
Shelton Requests Criminal Investigation of Davis, NTTA
by Aman Batheja and Emily RamshawOctober 3, 2012
Texas Tribune
State Rep. Mark Shelton, R-Fort Worth, on Wednesday called for a criminal investigation into his election opponent, state Sen. Wendy Davis, D-Fort Worth, and the North Texas Tollway Authority that contracts with Davis’ law firm.
Read more: Davis accused of conflicts of interest with toll agency
The San Antonio City Council has indefinitely extended its loan to the Alamo RMA until they can repay it. This guarantees toll roads without a public vote.
Compare this to what they said last year... Watch the 'flip-flop'! Where is the public vote and study the City Council promised?
Yet another public private partnership goes to Cintra. This time for a toll project in Virginia. The sheer volume of U.S. roads under the control of a single foreign company is stunning and ought to be sobering. Wake up America, you're being sold to the highest bidder and will have to report to a Board of Directors in Spain to get around our great country!
'To big to fail' must not become institutional, according to George Will. He ponders how to prevent taxpayers bailing out every major industry heretofore into posterity. Public private partnerships are precisely how these major corporations offload their risk to the taxpayers, and we'll end up with corporate socialism if we don't put a stop to the TBTF stronghold on Washington.
Lest anyone think this is a partisan issue, there has been no change in transportation policy across the two Bush Administrations and the Obama Administration. All have promoted public private partnerships and toll roads as the panacea for road funding 'shortfalls.' Apparently, Romney will be no different.
Mitt Romney taps Bushies for transpo advice
By: Kathryn A. Wolfe
October 11, 2012 03:14 PM EDT
Politico
Mitt Romney isn’t talking much about roads, runways or bridges — but behind the scenes he’s engaged a brain trust of transportation advisers who are.
The people advising him — though Romney’s campaign stresses that the team is informal — read like a who’s who of senior policymakers from President George W. Bush’s Department of Transportation. The agency at that time was heavily focused on privatization and maximum involvement of the private sector.
For the most part, the entire presidential campaign has been relatively quiet on the transportation front. Romney has talked about his desire to cut subsidies for Amtrak, and President Barack Obama has echoed his past positions — using the “peace dividend” to pay for more infrastructure investment, boosting transit and promoting high-speed rail.
Though this doesn't involve transportation directly, it sheds light on the power of corporations over public policy and the cronyism that grips Austin and Washington. Public private partnerships are a form of corporate welfare that put taxpayers on the hook for losses and privatizes and even guarantees private profits.
How corporations are crippling U.S. prosperity
By David Worthington | October 15, 2012, 7:21 PM PDT
Smart Planet.com
"Large parts of our economy are corporate socialism, in which profits are privatized and losses socialized. And then there are the growing subsidie," Johnston says.
A dearth of competition in major U.S. industries and a government that’s policy making has been severely corrupted by moneyed interests has led to depressed wages and stifled innovation, a Pulitzer Prize winning journalist says in a new book.
In essence, you’re being ripped off, and those responsible are taking everyone’s money while assuming very little risk.
David Cay Johnston was awarded the Pulitzer Prize for reporting the inequalities and loopholes that exist in the U.S. tax code and exposing corporate tax evasion. His latest work, The Fine Print: How Big companies Use “Plain English” to Rob You Blind, examines his findings about how the U.S. economy has strayed away from capitalism and into “corporate socialism,” where the free market, its engine of prosperity, has stalled.
Read more: Book: Corporations are crippling American prosperity
Cintra snags I-35 in Fort Worth
By Terri Hall
Examiner.com
The Texas Department of Transportation (TXDOT) just announced that it inked a deal with Spanish toll operator, Cintra, for yet another toll project in North Texas -- this time on Interstate 35 W in Fort Worth. That brings the total toll projects in the hands of a single company in Dallas-Ft. Worth alone to five: Hwy 121, Hwy 183, I-820, I-635 and now I-35W. These chokepoints represent some of the most congested roads in the Metroplex, and four of the five were handed to Cintra without competitive bidding.
The LBJ project on I-635 is a standalone toll project, but the North Tarrant Express development agreement known as a public private partnership (P3) involves the other four highways, which were all awarded to Cintra in one master comprehensive development agreement with each highway subsequently negotiated using ‘facility agreements.’
New Texas 130 section to open Oct. 24
By Ben Wear
Austin American Statesman - October 11, 2012
The southern 41 miles of the Texas 130 tollway will open on the afternoon of Oct. 24, according to a Facebook post Thursday from the company that built the four-lane road under a long-term lease with the Texas Department of Transportation.
The road, which runs from the southern end of the existing Texas 130 at Mustang Ridge to Interstate 10 near Seguin, will remain free to drive until Nov. 11, Seguin Mayor Betty Ann Matthies said in a video on the SH 130 Concession Company’s Facebook page. After that, it will cost cars and two-axle trucks about 15 cents a mile to drive the road, Matthies said. Larger trucks will pay up to five times that figure, depending on the number of axles.
At 15 cents a mile, the 41 miles will cost $6.17. The rates were set in a 2007 contract between TxDOT and the concession company, and are allowed to increase annually at a percentage tied to growth of the state’s gross domestic product.
Read more: TxDOT gets $100 million pay-off for 85 MPH speed limit
There's nothing innovative about this toll road. It uses the same financing structure that brought us the subprime mortgage crisis -- a public private partnership where government teams up with private corporations in an arrangement that guarantees the private entity's profits. Solyndra was another. They use schemes like non-compete agreements that limit and even prohibit the expansion of free roads surrounding the tollway in order to guarantee congestion on the free lanes and drive more traffic to the toll road. So just as Solomon said, there's nothing new under the sun -- and corporate cronyism and corruption in government is certainly not 'innovative.'
Innovative toll road is only a partial fix
Express-News Editorial Board
Updated 12:40 a.m., Wednesday, October 3, 2012
If you are driving from the San Antonio area to a destination on Interstate 35 north of Austin, or vice versa, then the option of paying a toll to bypass the capital's traffic might be attractive. It might be especially attractive if you can legally travel 85 mph on a portion of the toll road.
That's the option drivers will have sometime in the next month or so, thanks to an innovative public-private partnership that will complete Texas 130 from I-35 near Georgetown to I-10 just east of Seguin.
More Articles...
- Tolls coming to MoPac, project gets clearance
- Is 85 MPH too fast? Trucks may avoid SH 130 toll road
- Study: Public transit can't work without punishing drivers
- Free gas: Contest to name toll lanes on LBJ, Interstate 820
- Judge gives foreign company eminent domain to build Keystone Pipeline in Texas
- Lockhart hopes to cash-in on foreign-owned toll road
- Sordid tale behind 85 MPH speed limit gets more offensive
- Lawsuit challenges Ohio public private partnerships
- Spinning its wheels? TxDOT to outsource maintenance when first try a failure
- Cintra lobbyist now in hot water for Medicaid fraud
- I-95 HOT lane project guarantees gridlock for our lifetimes
- Tolls galore: Plans to toll 183 in Austin
- TxDOT exec Wilson calls tolls 'freedom'
- Cintra markets SH 130 in San Antonio
- Texas SH 130 now 85 MPH, fastest speed in the nation
- TxDOT slows free routes alongside SH 130 tollway
- Tolls set to go up on Austin toll roads - disabled vets will get a free pass
- Chicago 'Infrastructure Trust' shrouded in secrecy
- Houston toll rates set to go up in September
- Shrinking middle class means toll roads will serve the rich
- Mexican drivers can avoid paying tolls in El Paso
- Texas may have first 85 MPH toll road
- MPO votes to toll 281, 1604 in violation of its own bylaws
- Road to inland port on fast track ahead of Panama Canal expansion
- El Paso's pork: Stadium uses P3 to rip-off taxpayers
- Farmer challenges use of eminent domain for Keystone pipeline
- Public private partnership to build new courthouse in Austin
- FHWA flip-flop at MPO
- Anti-toll groups celebrate Campbell, Cruz victories
- Wentworth: Toller-in-Chief
- TxDOT execs bump in pay raises eyebrows
- MPO Presentation from June 25
- Wolff flip flops & says: 'You can fry me for it later'
- Congress passes new federal highway bill
- Why government can't get us out of our cars
- Bingaman: Taxpayers paying for roads - TWICE
- States plan to stick motorists with more tolls
- Indiana seeks more PPPs after blowing through first pay-out
- Philippine government warns of PPPs bloating public debt
- PPPs seen as risky
- DOTs join private sector to lobby for more tolls
- Should Toll Roads Become Free Once Paid For?
- Another bait & switch on non-toll plans for San Antonio freeways
- Who are the tollers in the Texas primary?
- Dallas Mayor caves to pro-toll interests on Trinity Toll Road
- TxDOT tries to back away from non-toll plans on 281, 1604
- LaHood backs off federal ban of cell phone use in cars
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