The federal government is $17.5 trillion in debt with this amount increasing at more than a half-trillion per year. Yet the Obama Administration has just proposed a budget that increases spending. It’s business as usual in D.C.!
President Obama Fiscal Year 2015 Budget, released last week, is a wish-list for the Administration’s pet programs. It has already been derided by the Republican-controlled House of Representatives, but that does not make it irrelevant. It signals the goals of the Obama Administration going forward.
Included in the $3.9 trillion budget is $10.8 billion earmarked for climate change-related initiatives in addition to the $7.9 billion EPA budget. That makes a total of $18.7 billion of your money.
Where would this money go?
Climate Resilience Fund: $1 Billion
The Climate Resilience Fund, created to aid Americans preparing for a changing climate.…
Continue Reading“Today, many governments give special treatment to a favored few businesses that eagerly accept those favors. This is the essence of cronyism…. One obvious example of this involves wind farms. Most cannot turn a profit without the costly subsidies the government provides.”
– Charles G. Koch, “The Importance of Economic Freedom.” August 17, 2012.
William Simon, the top energy regulator in the Nixon’s Federal Energy Administration, was surprised. Oil company head after head was visiting his office to demand this or that to alleviate their shortages of oil or get more entitlements credit for their refineries. But Koch Industries had come by to just ask the federal government to leave them alone—to allow price signals to allocate crude oil and petroleum products. It was a meeting that Simon would not forget.…
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