Colorado Congressman Doug Lamborn notes in a column in today's Denver Post that the United States federal government is borrowing 40 cents of every federal dollar we spend. Yet, there always seems to be cash to help out cronies. For example, politically connected Sysco Systems, worth $16 billion, according to Congressman Lamborn, was given a handout of $1.2 million to buy energy efficient forklifts. The money came from us taxpayers through the Department of Energy's Efficiency and Renewable Energy program. President Obama wants to increase EERE's budget to $3.2 billion, up 36% from last year. I wish I could increase my family' budget by 36%, but I don't have a way to take money from others and give it to myself and my friends, like the government does.
The government needs to get out of the business of picking winners and losers in private industry. Millions of EERE dollars also go to China, India, Mexico and Central America.
Americans are tightening their household budgets, and cutting back on their use of credit cards. In election after election, we are increasingly demanding our politicians to do the same.
1 comment:
Just gets scarier.
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