What am I missing? Is there some aspect of our inane energy policies that I am failing to understand, much less appreciate?
“We the People” just booted a boatload of spendthrifts out of Congress, after they helped engineer a $1.3 trillion deficit on America’s FY-2010 budget and balloon our cumulative national debt to $13.7 trillion.
And the “bipartisan White House deficit reduction panel” chimed in with a 50-page draft proposal, offering suggestions for $3.8 trillion in future budgetary savings. The proposal targets $100 billion in Defense Department weapons programs, healthcare benefits and overseas bases. It also proposes a $13-billion cutback in the federal workforce and lining out $400 million in unnecessary printing costs.
Yet, amazingly, not even this independent commission was willing to eliminate the $6-billion sacred cow of annual ethanol subsidies!…