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The US highway system was sold at a cost of $27B [1] but cost over $100B and has cost nearly $500B today [2] This is disingenuous. First of all, the original
by masonic 8y ago
The US highway system was sold at a cost of $27B [1] but cost over $100B and has cost nearly $500B today [2]
This is disingenuous.
First of all, the original bill estimate was just for the first 41,000 miles.
Secondly, the $27B is in 1956 dollars, while the "$500B" is in 2006 dollars. BIG difference. $27B in 1956 dollars is roughly $248 billion now, and, again, the scope of the interstate system expanded broadly.
(I'd bet that the modern figure includes both the Interstate system and the U.S. highway system, which lacks meaningful usage distinction now from the designated "Interstate" routes.)