Fossil energy

Sun, 2011-02-06 02:48Mike Casey
Mike Casey's picture

How the Other Guys Play

Americans want deficits cut , and there is a new set of leaders in Congress who committed themselves last year to cutting wasteful government spending. And, while over 70 percent of Americans are unaware how much of their money is given in welfare checks to highly profitable dirty energy companies, when they find out, only 8 percent want it to stay that way.

After President Obama’s State of the Union address calling for a modest cut of just $4 billion in welfare for oil companies, the focus on this insanely wasteful spending has intensified. It’s the right proposal, but one that will encounter very stiff resistance for entrenched interests that still very much enjoy their century-long stay in the government incubator of tax breaks, subsidies, cheap access to public property, forgiveness for wrecking that property, and little meaningful oversight.

Subscribe to Fossil energy