Orangeburst
Attention all Planets of the Solar Federation
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- Jun 19, 2008
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Biden APPROVES NYC congestion charge that would Bill Drivers $23 A Day on top of existing tolls - as New Jersey Gov. calls it a 'money grab' that will hit 'hardworking commuters'
The Biden administration has approved the release of the final environmental assessment for New York City's congestion pricing plan for public comment, a key step before the project can be green-lit and finally go ahead.
- Drivers could be charged $23 to enter Manhattan's central business district
- Outside travelers could see fees as high as $120 under the MTA proposal
The Federal Highway Administration approval is a milestone in efforts to implement the plan announced in 2019 to reduce traffic and provide funding to improve mass transit by using tolls to manage traffic in central Manhattan.
Biden approves NYC congestion charge plan that would charge drivers $23 a day on top existing tolls | Daily Mail Online
It shows a huge jump in debt to GDP between 2001 and 2011, and we know it hasn't gotten better since then. Yes it's scary.Is this scary?
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Uh yeah, we have had over a decade of unprecedented low interest/bond rates now that the rates are increasing so will the percent of debt interest being paid. Just look at your chart and the steep increase to 6.1% what do you think it will be next year?
Like I’ve said, it’s where we’re going that’s the issue, not where we’ve been. The overall debt will continue to climb substantially, in a higher interest rate environment, ergo, interest as a percentage of our federal outlays will sharply increase to consume more and more of the budget and to eventually become the largest govt program in the federal budget over the next 30 years left unabated. Hopefully it is abated with some massive budget cuts and a return to balanced budgets…and sanity.
Interest Costs on the National Debt Are on Track to Reach a Record High.
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Ahhh... so you're predicting the future.
Noice.
Lemme know how that works out... until then, there's no issue.