Ryan Avent observes that "A 25 percent reduction in federal highway spending would clear the way for a tenfold increase in annual federal transit spending–sufficient to produce a sea change in the way cities build their transportation networks." Given that driving, though a convenient and appealing way to get around, also involves substantial negative externalities, there's no rational basis for this kind of ratio in our federal spending.
For all the discussion under way about how to use taxes, auctions, and regulations to force people to consume energy less lavishly, there's surprisingly little talk about the desirability of reducing the scale of our subsidies for inefficient uses.


"there's no rational basis for this kind of ratio in our federal spending."
Sure there is. Our policies help to increase consumption of oil. If the goal is to maximize profits for the oil industry, the last thing you'd do is to increase access to public transportation. You seem to have a misguided opinion about whom our government is working for. Hint: it's not us.
Posted by fostert | April 2, 2008 11:28 AM