Bloomberg View: Getting U.S. Transportation Moving; Housing Debt: Forgive, Then Profit

In 2005, Congress passed a legislative horror popularly known as the transportation bill that, among other things, funded Alaska’s infamous “Bridge to Nowhere.” The bridge was never built, and the law itself may finally expire at the end of March.

Washington is now arguing over several bad new ways to pay for transportation infrastructure. Despite their deficiencies, recent proposals from the White House, the Senate, and the House offer a few ideas worth considering as part of a more ambitious funding bill down the road when a looming election isn’t inducing timidity and self-delusion.