From the Bellingham Herald:
The bulk of funding for the federal Highway Trust Fund comes from the 18.4 cents-per-gallon federal gasoline tax. But revenues from the tax have flattened, probably because people are driving less in response to the rising price of gas and because cars have become more fuel efficient. The federal gas tax was last increased 14 years ago.
White House budget officials said the highway trust fund will have a surplus of roughly $3 billion in the current fiscal year. But by the end of fiscal 2009 it will be running a $3.9 billion deficit.
“There are challenges,” said Christin Baker, a spokeswoman for the federal Office of Management and Budget, which writes the president’s annual budget proposal. “We can’t spend what we don’t have.”
Oh, yeah? Since when?