Another plea to fix our roads

This time it's from Barry Ritholz. Anyone in the East who has driven recently is well aware of the terrible condition of most of our roads. The solution is simple: raise the federal gasoline tax. It has been 18.4 cents a gallon since 1993. We have the third lowest gas tax in the world, only Kuwait and Saudi Arabia are less. And while we're at it the law should be changed to take inflation into account automatically, as most laws do.

If nothing is done very soon, the Highway Trust Fund will be bust by July.