Here we go again. "Underfunded". Why is it underfunded? What was the level of spending in, say, 1970 and 1980 and 1990 vs. today? Has it gone up? Have worker wages gone up? Have projects gone wildly over budget? Is the real reason that there is a gap between funds and the budget is because of wild overspending?
I'd be willing to bet the farm that the problem is "wild overspending" rather that "chronic underfunding."
Been the case with every type of government takeover. NYC's subway system was deliberately bankrupted by the city, who forbade the two private companies to raise fares and even created an "independent" city-owned subway to "compete" against them. Once the city had all of the subway lines, things just got worse from there.
I'd be willing to bet the farm that the problem is "wild overspending" rather that "chronic underfunding."