Today we continue our series on renewable energy. Unfortunately, there is some bad news to report:
http://blogs.wsj.com/washwire/2010/08/11/renewable-energy-backers-wince-as-congress-raids-doe-coffers/
President Obama and Congressional Democrats just passed into law new spending for teachers and government employees. And from where did the extra money come?
“The $26 billion bill President Barack Obama signed Tuesday may spell relief for teachers’ unions and other public-sector employees, but it’s the latest blow for renewable energy backers. To help pay for the aid bill, lawmakers cut $1.5 billion from the Department of Energy’s renewable energy loan guarantee program. It’s the second time in roughly a year that Congress has raided the program to fund other priorities. Last summer, lawmakers cut $2 billion from the DOE’s renewable energy loan account to extend the highly popular Cash for Clunkers program. Congress has not repaid the agency that $2 billion, despite frequent promises by its leaders to do so. Taken together, the cuts have whittled the program’s budget down to $2.5 billion, less than half the $6 billion Congress appropriated in early 2009.”
Not only is this money being wasted on salaries for civil servants, but it’s taking money out of vital renewable energy programs. We need to be spending less money on government bureaucrats and more money on renewable energy projects that will help us build the future.






