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YOUR
CONGRESSMAN
REPORTS
Bf Hep. Burr P. Harrison?
Washington—A slowdown, or stretchout; of the interstate highway program would result from Congressional and Presidential approval of the plan now awaiting consideration in the House of Representative'.:. Tne proposal, howev‘ ■ er, includes the selling of $1,000 million dollars in bonds, and, at this writing, the ultimate fate of highway .financing legislation is veiled in uncertainty,
In view of the present state of the Federaj Highway Trust Fund, and oh the' Treasury itself, I could support the slowdown concept. if it were not for the'' bond feature,- as 1 believe most Citizens, who have to pry for these roads, prefer a pay-as-you-go approach to a furthw increase in taxes, cr the inevitable increase in the national debt resulting from heedlessly appropriating money the trust food doe n’t have.
1 cannot support, hov.vver, the ide,. of a big sy ciai bond issue bandied outs’ !e the public debt structure, as ar ”Xt er' •:< to insure \ prompt resumption of the inter\ star- highway pr*vyl m. even at a yedweed rate .particularly when,
is having its own tr- 'Wc' ce r- bonds.
The '’dmbination slowdown and b^nd issue plan has been approved b • r’’e House Committee on Ways -i d Means. Earlier, the committee had rejected by a narrow margin— after the first vote resulted in a tic.a proposal of mine that the superhighway, program be suspended until receipts in the trust fund caught up with obligations. In the meantime, however, the regular federal grant-in-aid program for primary and secondary rc.--.ds
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