Blog

Trump’s $1 Trillion Infrastructure Plan

A $1 trillion infrastructure package that the Trump administration is considering has some advantages over a proposal by Democrats on the House Transportation and Infrastructure Committee, but still will require far too much deficit spending on things that private industry and transportation users should be willing to pay for themselves.

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We Were Warned

Social distancing is the proper short‐​term response to COVID-19, but it’s an appropriate response in the long run as well.

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Is Amtrak Guilty of Securities Fraud?

Amtrak’s claims that 2019 passenger revenues covered all but $29 million of its costs are a complete misrepresentation of the truth, which is that it lost more than $1 billion in 2019.

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Living in a Fantasy World

Austin planners have made unrealistic assumptions about future travel patterns that will lead to misspent tax dollars, increased consumer costs, and greater traffic congestion.

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Government Assets Fall Apart

Politicians like to brag about the new projects they are spending money on, but they pay little attention to old facilities that are falling apart.