While the weekly report released today showed unemployment's up, and oil prices too, are likely to keep rising despite a couple of slips here and there, the president's new budget proposal includes up to $8 billion in clean energy subsidies next year.
According to Reuters, there's $3.2 billion for energy efficiency and renewable energy programs, $300 million in credit subsidies to promote those projects, and another $550 million dollars to support "game-changing clean energy technologies."
Now, out of a projected $3.7 trillion to be spent, $8 billion isn't very much, but I think it's the thought that counts. Because at the moment a significant part of the population spends serious time trying to decide whether to buy gasoline, or pay rent, perhaps even food while the government tosses their money away subsidizing projects it can't afford even when times are good.
So, maybe the funds ought not be spent right now, and maybe we ought to start using those bucks to drill for oil of own. Because for every dollar we send over to the sheiks in the Middle-East, somebody here can't afford lunch.
That's it for today folks.
Adios
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