It looks like both parties cannot be fiscally responsible. It is so easy to spend money we don’t have and pass the debt on to future generations.
We should raise the total gas tax (state and federal) by 50 percent. This would add 20 to 25 cents per gallon to the price of gas. This would generate enough money to employ more people fixing roads and bridges. The way gas prices vary from day to day, the public would probably never feel the increase.
President-elect Obama then needs to let us know that he is serious about reducing our oil consumption by increasing the tax on gas by 20 to 25 cents per gallon each year for the next five years. This money would be spent on building public transportation in our cities and other projects that would help to reduce our dependence on oil. The revenue stream would be there for these projects for a long time and would be reduced only as gas consumption is reduced.
If Obama still feels he needs to boost the economy, he should send everybody a check.