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[quote user="John WR"] I don't know why you continue to insist that "highway expenditures are a sunk cost."  The statement is incorrect.   Early in our history the Philadelphia and Lancaster Turnpike was built by a private company and many other highways followed it.  In 2006 the Indiana Tollway was leased to a private operator for 75 years and in the same year the Chicago Skyway was leased for 99 years to a private operator.  If you google on "US private highways" you will find a list of examples.   Whether to give over operation of a highway to private interests is a complex issue/  I certainly would not advocate that as a general way to improve government finances.  But clearly, it can be done and it is being done so the costs of building highways are not "sunk costs" unless it can be shown that the government takes a loss in leasing or selling the highway. [/quote] Are you an accountant?  Do you understand activity based cost accounting?  Would you know how to value the basis of an asset that is being bought by another and determine whether there is a gain or loss on the sale of the asset?
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