Despite occasional posturing that only a fool would take seriously, Obama has made it clear that he has no intention of allowing a significant reduction in the monstrous deficit that threatens to pull us off the cliff after Cypress. That’s why he thinks America can afford frivolous wackiness like this:
Envisioning cars that can go ‘coast to coast without using a drop of oil,’ President Barack Obama on Friday urged Congress to authorize spending $2 billion over the next decade to expand research into electric cars and biofuels to wean automobiles off gasoline.
Obama, expanding on an initiative he addressed in his State of the Union speech last month, said the United States must shift its cars and trucks entirely off oil to avoid perpetual fluctuations in gas prices.
Under Obama’s rule, the “fluctuations” have been consistently upward.
Corrupt biofuel boondoggles have driven up world food prices and possibly consume more energy than they produce. Electric cars, due to the massive environmental damage inflicted in the production of their short-lived batteries and the fact that the electricity to run them has to come from somewhere, usually from burning coal, are not significantly better for the environment than more economically efficient real cars. If electric cars made any sense whatsoever, the free market would be able to produce them profitably without coercion.
As usual, Obama claims that this profligate waste will not increase the deficit.
The initiative, proposing to spend $200 million a year on research, would be paid for with revenue from federal oil and gas leases on offshore drilling and would not add to the deficit.
But even if the entire $200 million per year is stolen from consumers of efficient sources of energy, causing gas prices to “fluctuate” even further upward, the drain on the economy will reduce the tax base as it throws still more people out of work, further increasing the deficit.
Every penny the government spends on anything increases the deficit, just as every penny it spends makes us less free.
On a tip from Bill T.