President Obama and the Democratic leadership are trying once again to subsidize alternative energy. H.R. 1380 (A.K.A.the Natural Gas Bill or the New Alternative Transportation to Give Americans Solutions Act of 2011) is an effort to create a federal subsidy for production and use of natural gas vehicles. There is an effort underway to get some of the language from HR1380 and the government subsidies into a continuing resolution before Congress finishes for the year.
The national debt is now over $15 trillion dollars. We cannot afford to keep subsidizing private sector production. Even if we could afford it, the federal government should not be picking winners and losers in the marketplace. If natural gas is a viable alternative form of energy then private sector investment will provide the “subsidies” necessary to develop it. And to further add fuel to the fire, the current Senate version of the bill has a new tax on natural gas users. We need to be cutting spending–not raising taxes!
Federal subsidies have got to stop. We all saw what happened with Solyndra and that was just the tip of the iceberg. These types of subsidies distort the market and result in some companies getting taxpayer funded advantage over others. We’ve got to say “Enough is enough” and stop this kind of government interference before we wind up in a European-style debt crisis.